How to add a moving average to RSI

May 20th, 2013, 01:26 PM

Can someone give me the rundown on exactly how to add a moving average to Wilder's RSI for TOS? Can you put a Hull Moving average on RSI? Thanks, I really appreciate any help.

Drew

May 22nd, 2013, 05:35 PM

Werd

Can someone give me the rundown on exactly how to add a moving average to Wilder's RSI for TOS? Can you put a Hull Moving average on RSI? Thanks, I really appreciate any help.

Drew

@Werd, create a new study and copy any of the below codes to it..
the first is a plain, fast and simple one that calls the existing RSI_Wilder then smoothes it .. the second is a full copy of the RSI_Wilder built-in study, then adding the HMA smoothing to it at the end.. this way you still get the OB/OS levels and dynamics color line...etc from the original code.

Simple way

Code

Declare Lower;
Input Length = 14; Input HMASmoothing = 4;
def  RSI = RSIWilder(Length);
Plot MySmoothRSI = HullMovingAvg (RSI, HMASmoothing);

Longer way (nicer)

Code

declare lower;

input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
Input HMASmoothing = 4; ##Added an input line for smoothing value

def NetChgAvg = WildersAverage(price - price[1], length);
def TotChgAvg = WildersAverage(AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI_Raw = 50 * (ChgRatio + 1); ## changed the name to RSI_Raw
plot OverSold = over_Sold;
plot OverBought = over_Bought;

Plot RSI = HullMovingAvg (RSI_Raw, HMASmoothing); ## Added our smoothing

RSI.DefineColor("OverBought", GetColor(5));
RSI.DefineColor("Normal", GetColor(7));
RSI.DefineColor("OverSold", GetColor(1));
RSI.AssignValueColor(if RSI > over_Bought then RSI.color("OverBought") else if RSI < over_Sold then RSI.color("OverSold") else RSI.color("Normal"));
OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));

June 16th, 2013, 05:56 PM

Sorry it took me so long to say thanks very much for replying to my question. I very much appreciate it!

Sincerely,

Drew

August 2nd, 2013, 12:26 PM

Is there a way to add a moving average to any indicator, and still have the indicator on the chart? Such as, for Wilder's RSI, have the RSI plot with the moving average also on the chart, not just the smoothing of the RSI?

I'd liek to be able to add moving averages to various indicators, but have the actual moving average line on the chart and not just have the indicator smoothed. Thanks.

November 6th, 2013, 12:28 AM

create a new indicator and just paste this script.. this script assumes RSI length of 14 periods.. and the moving average length of 5 periods.. so the moving average should be the average of the last 5 values of the RSI.. hope this helps ..

declare lower;
input RSILength = 14;
input MALength = 5;
plot RSI = RSIWilder(RSILength);
Plot MA = Average(RSI,MALength);

February 4th, 2014, 07:12 AM

@RedK

Thank you for the code

I took your code and added a standard Wilders RSI only for comparison purposes etc

-Bill_M

jlwade123 · February 4th, 2014, 07:54 AM

Werd

Is there a way to add a moving average to any indicator, and still have the indicator on the chart? Such as, for Wilder's RSI, have the RSI plot with the moving average also on the chart, not just the smoothing of the RSI?

I'd liek to be able to add moving averages to various indicators, but have the actual moving average line on the chart and not just have the indicator smoothed. Thanks.

Yes, I do it in Ninja Trader by just clicking EMA and adding it to chart 2 as an overlay. You can do it that way leaving the input as the crude contract or euro contract or whatever your main price contract is in; or, also you can change the input for the ema overlay to RSI, and then add the double smoothed ema overlay to the RSI indicator in chart 2.

January 5th, 2016, 06:16 PM

devd12

create a new indicator and just paste this script.. this script assumes RSI length of 14 periods.. and the moving average length of 5 periods.. so the moving average should be the average of the last 5 values of the RSI.. hope this helps ..

declare lower;
input RSILength = 14;
input MALength = 5;
plot RSI = RSIWilder(RSILength);
Plot MA = Average(RSI,MALength);

What about adding it to another indicator, NOT an RSI?

September 6th, 2020, 02:46 AM

Hi Everyone,

Is it possible to change this script into mql4 format.
I use something similar , RSi ,14 ; SMA ,1 ; SMA,800 on my sell phone by adding the SMA's to the RSI indicator, however I do not get the same results when I apply the same principles to my MetaTrader 4
See attachment

September 12th, 2020, 07:44 PM

I believe you can do this without code in ToS...

Using the original use case, add RSI and Moving Average indicators as Studies. While still in the Studies window, drag and drop Moving Average indicator onto RSI. Both indicators should now display in the Studies window without a separating line.

Hope this works for you.

How to add a moving average to RSI

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How to add a moving average to RSI