How to count RSI touching

progy85 since: 07 Jan 2021;

  30 Sep 2021, 14:31
How to count RSI touching

Hello,

This is sample. Instead of using buy or sell, I need to calculate Print when touch 80 and 20 always when touch line for specific period. Example: 
RSI TOUCH 80: 5 times
RSI TOUCH 20: 15 times

How to do this?

// -------------------------------------------------------------------------------------------------
//
//    This code is a cTrader Automate API example.
//
//    This cBot is intended to be used as a sample and does not guarantee any particular outcome or
//    profit of any kind. Use it at your own risk.
//    
//    All changes to this file might be lost on the next application update.
//    If you are going to modify this file please make a copy using the "Duplicate" command.
//
//    The "Sample RSI cBot" will create a buy order when the Relative Strength Index indicator crosses the  level 30, 
//    and a Sell order when the RSI indicator crosses the level 70. The order is closed be either a Stop Loss, defined in 
//    the "Stop Loss" parameter, or by the opposite RSI crossing signal (buy orders close when RSI crosses the 70 level 
//    and sell orders are closed when RSI crosses the 30 level). 
//
//    The cBot can generate only one Buy or Sell order at any given time.
//
// -------------------------------------------------------------------------------------------------

using System;
using System.Linq;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
using cAlgo.Indicators;

namespace cAlgo
{
    [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class SampleRSIcBot : Robot
    {
        [Parameter("Quantity (Lots)", Group = "Volume", DefaultValue = 1, MinValue = 0.01, Step = 0.01)]
        public double Quantity { get; set; }

        [Parameter("Source", Group = "RSI")]
        public DataSeries Source { get; set; }

        [Parameter("Periods", Group = "RSI", DefaultValue = 6)]
        public int Periods { get; set; }

        private RelativeStrengthIndex rsi;

        protected override void OnStart()
        {
            rsi = Indicators.RelativeStrengthIndex(Source, Periods);
        }

        protected override void OnTick()
        {
            if (rsi.Result.LastValue < 20)
            {
                //  Close(TradeType.Sell);
                Open(TradeType.Buy);
            }
            else if (rsi.Result.LastValue > 80)
            {
                //  Close(TradeType.Buy);
                Open(TradeType.Sell);
            }
        }

        private void Close(TradeType tradeType)
        {
            foreach (var position in Positions.FindAll("SampleRSI", SymbolName, tradeType))
                ClosePosition(position);
        }

        private void Open(TradeType tradeType)
        {
            var position = Positions.Find("SampleRSI", SymbolName, tradeType);
            var volumeInUnits = Symbol.QuantityToVolumeInUnits(Quantity);

            if (position == null)
                ExecuteMarketOrder(tradeType, SymbolName, volumeInUnits, "SampleRSI", 45, 60);
        }
    }
}

amusleh's avatar

amusleh since: 01 Mar 2021;

  01 Oct 2021, 09:51

Hi,

You can use this method to get number of RSI touches:

        /// <summary>
        /// Returns the number of RSI level touches on a specific period
        /// </summary>
        /// <param name="periods">The past number of bars</param>
        /// <param name="level">The RSI level</param>
        /// <returns>Number of Touches</returns>
        private int GetRsiTouches(int periods, double level)
        {
            var index = Bars.Count - 1;

            var touchCount = 0;

            for (int barIndex = index; barIndex > index - periods; barIndex--)
            {
                if ((level > 0 && rsi.Result[barIndex] >= level && rsi.Result[barIndex - 1] < level) || (level < 0 && rsi.Result[barIndex] <= level && rsi.Result[barIndex - 1] > level))
                {
                    touchCount++;
                }
            }

            return touchCount;
        }
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