2 Day RSI(2) Indicator

[blconnell]

I am looking for help in creating a new indicator based off the existing RSI indicator.

The only difference is the new indicator is the sum of the last 2 days of the RSI.

I made a copy of the RSI and tried modifying it but cannot get it to work or plot on the graph. The goal is to use this for auto-trading.

Any help would be greatly appreciated.

Bryan

[NinjaTrader_RyanM]

Hi Bryan,

The math shouldn't be too difficult and you don't need to modify the existing RSI. Could create a new script and then set the plot accordingly.

if(CurrentBar > 1)
Value.Set(RSI(14, 3)[0] + RSI(14, 3)[1]);

The [0] + [1] adds the current and previous RSI value. Indexing is always based on bars, not days. You could apply this script to a daily chart or work with our multiseries framework to base it on a specific interval.

[koganam]

Originally Posted by blconnell

I am looking for help in creating a new indicator based off the existing RSI indicator.

The only difference is the new indicator is the sum of the last 2 days of the RSI.

I made a copy of the RSI and tried modifying it but cannot get it to work or plot on the graph. The goal is to use this for auto-trading.

Any help would be greatly appreciated.

Bryan

Maybe if you showed us what you have done so far, we can complete it for you?

[blconnell]

Thanks for the quick replies. I will review again tonight and see if I can get it working. If not, I'll post what I have so far and look for your expertise in getting it working.

Thanks again,

Bryan