Donchian Channel of RSI

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Re: Donchian Channel of RSI

Postby SpLiFT » Tue Feb 26, 2019 9:44 am

Hi Apprentice,

I've tried this one already, but it's not what I'm after. The channel lines to show the High and Low values that the RSI has printed for the Current candle, not an average number of RSI values.

For example (settings are default RSI, 14, Close) the following happens:

- the RSI (current candle) opens with value 50
- the candle goes up and so does the RSI. RSI reaches 70 value
- the candle then goes down and so does the RSI. RSI reaches 30 value
- the candle finally closes bearish and the RSI prints main line the 40 value

Based on the above, what the indicator should print is:
- High channel line: 70
- Low channel line: 30
- Main RSI line: 40

I hope this makes it clear, but let me know if further explanation is needed.
SpLiFT
 
Posts: 11
Joined: Fri Aug 04, 2017 2:08 pm


Re: Donchian Channel of RSI

Postby SpLiFT » Wed Feb 27, 2019 7:02 am

Yes, however as a channel:

- RSI candle High = Channel High line
- RSI candle Low = Channel Low line
- RSI candle Close = RSI Main line

Would it be possible to adapt it, please?
SpLiFT
 
Posts: 11
Joined: Fri Aug 04, 2017 2:08 pm


Re: Donchian Channel of RSI

Postby SpLiFT » Thu Feb 28, 2019 9:12 am

Hi Apprentice,

Thanks!

This one would work perfectly, if:

1 The period setting for the Donchian Channel can be set to value of "1" (currently "2" is the minimum)
2 (Optional) - The RSI Candle Close could be a line, although I found a workaround by applying an MVA to it and getting the result I need

Would at least Option 1 be a possibility and is there an MT4 version of this indi too (also Optional)?
SpLiFT
 
Posts: 11
Joined: Fri Aug 04, 2017 2:08 pm


Re: Donchian Channel of RSI

Postby SpLiFT » Thu Feb 28, 2019 11:00 am

Hi again and thanks,

I removed the old indi and installed the new Donchian Channel on RSI Candle.lua, but the problem persists.

In the image below, when I try to set the Donchian number of periods to "1" (red box on the left) I receive a warning/error message (red box on the right).

DC on RSI Candle.png
SpLiFT
 
Posts: 11
Joined: Fri Aug 04, 2017 2:08 pm


Re: Donchian Channel of RSI

Postby SpLiFT » Fri Mar 01, 2019 5:08 am

That's the one I've been trying out (see image in my previous post), but the error remains.
SpLiFT
 
Posts: 11
Joined: Fri Aug 04, 2017 2:08 pm

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