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Published:

2018.09.27 15:43

SVE_ARSI.mq5 (12.59 KB) view

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The SVE_ARSI (Sylvain Vervoort's Asymmetrical RSI) indicator was described in the October '08 issue of the "Stocks & Commodities" magazine.

There are four input parameters:

Period - calculation period;
Applied price;
Overbought - overbought level;
Oversold - oversold level.

Calculations:

ARSI = 100.0 - 100.0 / (1.0 + RS)

where:

RS = UpMove / DnMove

If up = 0: UpMove = 0.
If up = 1: UpMove = Up.
Otherwise UpMove = AvgUp.

If dn = 0: DnMove = 0.
If dn = 1: DnMove = Dn.
Otherwise: DnMove = AvgDn.

AvgUp = EMA(Up, 2*Period-1)
AvgDn = EMA(Dn, 2*Period-1)
Up = Max(ROC,0)
Dn = Abs(Min(ROC,0))

ROC = Applied price - PrevApplied price

up = Floor(AvgUpCnt * Period + 0.5)
dn = Period - up
AvgUpCnt = SMA(UpCnt, Period)

If ROC < 0, UpCnt = 0.
Otherwise: UpCnt = 1.

AvgUp = EMA(Up, 2*Period-1)
AvgDn = EMA(Dn, 2*Period-1)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21741

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SVE_ARSI - indicator for MetaTrader 5