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Custom Indicators
Name: RSISelfAdjusted (Standard Deviation)
Description:
Based on David Sepiashvili's ideas in "The Self-Adjusting RSI" article in the February 2006 issue of Technical Analysis of STOCKS & COMMODITIES magazine, it is become easy to create a trading strategy in Tradecision to generate buy/sell signals based on the RSI with self-adjusted overbought-oversold benchmarks.

In the Function Builder we need to write a new function (you can download it using the button below) which returns 1 in case when RSI is above the overbought benchmark; returns -1 if RSI is under the oversold benchmark and 0 in all other cases.

After importing the function in the Function Builder, can create a new strategy in the Strategy Builder.


Entry Long
return CrossAbove(RSISelfAdjusted(C,10), -1);

Entry Short
return CrossBelow(RSISelfAdjusted(C,10), 1);

Function Name:
RSISelfAdjusted ()


Download to import into Tradecision.

How to import RSISelfAdjusted (Standard Deviation method) indicator
and function:
  1. Click Download to save the file on your hard drive.
  2. Unzip RSISelfAdjusted.tfn and RSISelfAdjusted.tnd.
  3. Open Tradecision and in the Tools menu, click the Indicator Builder.
  4. Click Import to import RSISelfAdjusted.tnd to the Indicator List.
  5. In the Tools menu, click the Function Builder and use RSISelfAdjusted.tfn file to import the function to the Function Builder.
 
 
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