Simple Coding Help - No Promise.
- Thread starter Happy_Singh
- Start date
What is RVI ?
Relative Vigor Index – Using the Relative Vigor Index
John Ehlers uses the crossing line indicators as signal to Buy or Sell in the market. While these signals are useful, in today’s fast paced market, they do lead to drawdowns and whipsaws. There can be no denying however that when these crossing signals work, they preempt a pending move way before many other indicators around. However, since many whipsaws are not suitable for any trader, we particularly found this technique to not be that useful. While researching on this indicator, what caught our attention was the placement of indicator at any given time with respect to the “zero” line. When the RVI remained above the zero line, it was much profitable to adopt the buy on dips strategy. Whereas, when the RVI remained below the zero line, it was more profitable to adopt the short on rally strategy. RVI in short indicated which side of traders remained in control of the market and signaled direction of underlying momentum.
Source : some website from where AFL was downloaded, dont remember exact URL
Relative Vigor Index – Using the Relative Vigor Index
John Ehlers uses the crossing line indicators as signal to Buy or Sell in the market. While these signals are useful, in today’s fast paced market, they do lead to drawdowns and whipsaws. There can be no denying however that when these crossing signals work, they preempt a pending move way before many other indicators around. However, since many whipsaws are not suitable for any trader, we particularly found this technique to not be that useful. While researching on this indicator, what caught our attention was the placement of indicator at any given time with respect to the “zero” line. When the RVI remained above the zero line, it was much profitable to adopt the buy on dips strategy. Whereas, when the RVI remained below the zero line, it was more profitable to adopt the short on rally strategy. RVI in short indicated which side of traders remained in control of the market and signaled direction of underlying momentum.
Source : some website from where AFL was downloaded, dont remember exact URL
Last edited:
Pratab sir , I have made the changes but the results are not per what I require, please help :sos:
Code:
//% chg in mtf
TimeFrameSet(inDaily);
diffd = (C / Ref(C,-1))*100-100;
TimeFrameRestore();
diffd1=TimeFrameExpand(diffd,inDaily);
TimeFrameSet(inHourly);
diffh = (C / Ref(C,-1))*100-100;
TimeFrameRestore();
diffh1=TimeFrameExpand(diffh,inHourly);
TimeFrameSet(in15Minute*2);
diff30 = (C / Ref(C,-1))*100-100;
TimeFrameRestore();
diff30a=TimeFrameExpand(diff30,in15Minute*2);
TimeFrameSet(in15Minute);
diff15 = (C / Ref(C,-1))*100-100;
TimeFrameRestore();
diff15a=TimeFrameExpand(diff15,in15Minute);
TimeFrameSet(in5Minute);
diff5 = (C / Ref(C,-1))*100-100;
TimeFrameRestore();
diff5a=TimeFrameExpand(diff5,in5Minute);
Plot(C,"",47,128);
Filter=1;
AddColumn(diffd1,"daily chg",1.2, textcolor=IIf( Ref(C,- 1)>C,colorGreen,colorRed)) ;
AddColumn(diffh1,"60m chg",1.2, textcolor=IIf( Ref(C,- 1)>C,colorGreen,colorRed)) ;
AddColumn(diff30a,"30m chg",1.2, textcolor=IIf( Ref(C,- 1)>C,colorGreen,colorRed)) ;
AddColumn(diff15a,"15 chg",1.2, textcolor=IIf( Ref(C,- 1)>C,colorGreen,colorRed)) ;
AddColumn(diff5a,"5m chg",1.2, textcolor=IIf( Ref(C,- 1)>C,colorGreen,colorRed)) ;
Filter=2;
Buy=diffd1>0 AND diffh1>0 AND diff30a>0 AND diff15a>0 AND diff5a>0;
Sell=diffd1<0 AND diffh1<0 AND diff30a<0 AND diff15a<0 AND diff5a<0;
AddColumn(Filter,"Buy/Sell",1.2, textcolor=IIf(Ref(Buy,0)>0,colorGreen,colorRed)) ;replace filter line I said
Buy=diffd1>0 AND diffh1>0 AND diff30a>0 AND diff15a>0 AND diff5a>0;
Sell=diffd1<0 AND diffh1<0 AND diff30a<0 AND diff15a<0 AND diff5a<0;
filter = buy or sell ;
(assuming buy and sell condition is written correctly)
remove filter = 1 and filter = 2 line..... also I think Add Column lines should be after Filter statement
Buy=diffd1>0 AND diffh1>0 AND diff30a>0 AND diff15a>0 AND diff5a>0;
Sell=diffd1<0 AND diffh1<0 AND diff30a<0 AND diff15a<0 AND diff5a<0;
filter = buy or sell ;
(assuming buy and sell condition is written correctly)
remove filter = 1 and filter = 2 line..... also I think Add Column lines should be after Filter statement
I thought I had already replied ...
T3B does not falls in category of Forex operators.
I do not take claims on any website too seriously.
As a system, whatever T3B taught is complete, objective, logical and sound. As a trader, you still need to understand when and where to apply it.
T3B advocates 100% adherence which takes proper understanding, discipline and practice...
Most ppl do not understand the tools and the market and get carried away
T3B does not falls in category of Forex operators.
I do not take claims on any website too seriously.
As a system, whatever T3B taught is complete, objective, logical and sound. As a trader, you still need to understand when and where to apply it.
T3B advocates 100% adherence which takes proper understanding, discipline and practice...
Most ppl do not understand the tools and the market and get carried away
Last edited:
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