Display weekly RSI in a daily chart

Display weekly RSI in a daily chart

Obuli Govindaraju
2013-03-22 06:33:50

I have the following code to display weekly rsi in a daily chart, the weekly rsi display on the daily chart does not match with the rsi value displayed in a weekly chart.

wrsi4 = TimeFrameApply(7,rsi(4));
wrsi4 = TimeframeDecompress(wrsi4);
Plot(wrsi4,"Weekly RSI",colorBrown,ChartLine,StyleSymbolNone);

What am I doing wrong?

QuantShare
2013-03-22 21:39:34

It does match. The weekly RSI is synchronized with daily data. This means that on Tuesday for example, you will get the weekly RSI result of the previous week since on Tuesday the week didn't end yet. You will get the same result only on Friday (end of the week).

allan nathan
2013-03-22 22:17:49

hi Obului

I had what I believe to be a similar question a while back.

http://www.quantshare.com/title-780-weekly-bars

Allan

allan nathan
2013-03-23 01:02:43

On a similar note,I am using a formula QS created and i am getting an error message.any thoughts?

a=rsi(14);
timeframeset(7);
b=rsi(14);
plot(a,"daily rsi",colored,chartline,stylesymbolnone);
plot(b,"weekly rsi",colorblue,chartline,stylesymbolnone);

Allan

QuantShare
2013-03-23 11:05:40

Hi Allan,

Change "colored" with "colorred".

If you click on "Show Errors" button you will see what kind of error you have.

allan nathan
2013-03-23 20:32:35

Interesting..How come the formula window shows a check mark instead of an X to display the error?

Allan

QuantShare
2013-03-25 10:08:39

We will update this.

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