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Bob,
Try these as per your RSI trend ribbon / advisor formulas specs:
Bullish:
RSI(14)>40 AND
BarsSince(Cross(RSI(14),60))<BarsSince(Cross(40,RSI(14)))
Bearish:
RSI(14)<60 AND
BarsSince(Cross(RSI(14),60))>BarsSince(Cross(40,RSI(14)))
There might very well be a more elegant way to get there, but this
method is fairly intuitive... and it works!
Craig
Robert Lambert wrote:
>
> I am attempting to configure a Trend Ribbon in an Expert Advisor,
> using the RSI as a trend following indicator.
>
> I would like to define a bullish trend as the RSI(14)rising above 60.
> The trend would remain bullish until the RSI (14) fell below 40.
>
> I would like to define a bearish trend as the RSI(14)falling below 40.
> The trend would remain bullish until the RSI (14) rose above 60.
>
> It's easy to program the first cross of the RSI to begin definition of
> the trend, but I'm not sure how to keep the trend active until the
> second cross of the RSI changes to the countertrend.
>
> Can someone suggest a simple formula to achieve this?
>
> Thanks.
>
> Bob L.
>
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