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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 use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
 
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