//------------------------------------------------------------------------------ // // Formula Name: RSI of volume weighted moving average // Author/Uploader: Jim Wiehe // E-mail: jimwiehe@indianadata.com // Date/Time Added: 2006-07-21 06:38:21 // Origin: John Bollinger interview in 2002 issue of TASC // Keywords: // Level: basic // Flags: indicator // Formula URL: http://www.amibroker.com/library/formula.php?id=636 // Details URL: http://www.amibroker.com/library/detail.php?id=636 // //------------------------------------------------------------------------------ // // This afl uses the RSIa function upon a volume weighted moving average. // There are parameters to adjust the RSIa periods, VWMA periods and an // additional ema smoothing period. I think Bollinger liked the 9 period RSI // and a couple of double bottoms below 30. // //------------------------------------------------------------------------------ _SECTION_BEGIN("RSI of a Volume weighted moving average"); periods=Param("VWMA periods ",5,2,200,1); smoothing=Param("exp. smoothing of VWMA",3,2,200,1); rsiperiods=Param("rsi periods",9,2,200,1); Vwma = Sum((Volume*Close),periods)/Sum (Volume,periods); svwma=EMA(Vwma,smoothing); Plot(RSIa(SVwma,rsiperiods),"RSI of VWMA ",colorBlack,styleLine); Plot(70,"",colorRed,styleLine); Plot(30,"",colorGreen,styleLine); _SECTION_END();