bollinger band & rsi formula - Trading Software

bollinger band & rsi formula

kulkarni
2010-05-06 08:15:44

hello,
how can i wright formula of Stock price touches the lower Bollinger Band and RSI is less than 30-buyrule &Stock price touches the upper Bollinger Band and RSI is greater than 70 - sell rule?
this two rule i want to plot on chart ?
my second ques. is how can select green candle means , if my formula which is indicate buy signal but i want addition that genereate signal if it is green candle
e.g. formula-
minus_dm(14)cross above plus_dm(14)then genrate buy signal but in this case iwant that the candle was a green color

QuantShare
2010-05-06 10:30:16

Best Answer

Hi,

Here is the Bollinger Bands and RSI rules:

buyrule = cross(BbandSlower(14, 2, _MaSma), close) and rsi(14) < 30;
sellrule = cross(close, BbandsUpper(14, 2, _MaSma)) and rsi(14) > 70;
PlotArrow(buyrule, "Buy", BelowLow, colorGreen);
PlotArrow(sellrule, "Sell", AboveHigh, colorRed);

Green candles occur when the close price is higher than the open price:
rule = close > open;

Get more messages

No more messages

Back


Trading Items Percent Bollinger Bands Connors RSI Bollinger Strategy Trading based on Boillinger Lower Band position on defined Market Ratio of Stocks above and below Bollinger Bands	How-to Lessons How to display the number of stocks per day for different RSI gro... How to create a formula How to create a watchlist How to create a moving average of an indicator How to create a custom trading indicator
Related Forum Threads Lookback period on Bollinger Band cross How to RSI Plot differnt line style when RSI above or below 80/20 lines Screen formula Regarding Formula	Blog Posts Working with the formula editor Create a Pivot Table that displays the Relative Strength Index - ... 4 original breadth indicators you should consider in your market ... The Ultimate Guide to Create Trading Systems in QuantShare Quantitative Analysis: Price Channels