Plotting Multiple time frame indicators

Plotting Multiple time frame indicators

allan nathan
2015-08-06 14:38:43

Hi,
I was trying to plot the weekly RSI and daily RSI on a daily chart.I thought that the formula would work.

a=rsi(14);
timeframeset(7);
b=rsi(14);
plot(a,"daily rsi",colorred,chartline,stylesymbolnone);
plot(b,"weekly rsi",colorblue,chartline,stylesymbolnone);
plot(70, "70", colorblue, chartline, stylesymbolnone);
plot(50, "50", colorblue, chartline, stylesymbolnone);
plot(30, "30", colorblue, chartline, stylesymbolnone);

The "weekly rsi" from the formula does not equal the RSI from a weekly chart of the same symbol..What am I doing wrong?

Allan

QuantShare
2015-08-07 05:44:30

Use this instead for the weekly RSI:

b=timeframeapply(7, rsi(14));
b=timeframedecompress(b);
plot(b,"weekly rsi",colorblue,chartline,stylesymbolnone);

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