{"product_id":"stoccomv152t","title":"V.15:11 (525-527) Traders' Tips","description":"Here is this month's selection of Traders' Tips, contributed\nby various developers of technical analysis software to help\nreaders more easily implement some of the strategies presented.\nInternet users will also find these and some previous\nTraders Tips on our home page at http:\/\/www.Traders.com.\u003cbr\u003e\u003cbr\u003eTRADESTATION\u003cbr\u003e\u003cbr\u003eThe focus of this month's Traders' Tips is the article \"Using\nFibonacci ratios and momentum\" by STOCKS \u0026amp; COMMODITIES\nEditor Thom Hartle. In this TradeStation implementation, we'll\nfocus on the RSI-based oscillator described in the article.\u003cbr\u003e\u003cbr\u003eIn TradeStation, Fibonacci bands can be applied using the\nsupport\/resistance drawing tool. In addition, a standard RSI\nindicator is built into the program. For Traders' Tips this\nmonth, I have developed an oscillator-type directional indicator\nthat's based on the RSI calculation and its relation to 50.\nIn addition, I have developed two PaintBar Studies, which are\nalso based on the RSI and its relation to 50.\u003cbr\u003e\u003cbr\u003eThis version of the RSI oscillator indicator basically transforms\nthe typical RSI into a zero-based oscillator. Values\nabove the equal line represent RSI values above 50. Values\nbelow the equal line represent RSI values below 50. If the\nhistogram input is set to y, the zero-based RSI values will be\ndisplayed in a histogram format. If the line input is set to y, the\nzero-based RSI values will be displayed in line format. In\naddition, if the alert feature is enabled, an alert will be\ntriggered if the RSI-based value crosses above or below zero.\u003cbr\u003e\u003cbr\u003eThis indicator can be written in the TradeStation Power\nEditor as follows. The suggested format settings for this\nindicator are outlined after the code.\u003cbr\u003e\u003cbr\u003eType: Indicator\u003cbr\u003e\u003cbr\u003eName: RSI Oscillator\u003cbr\u003e\u003cbr\u003eInputs: Price(Close), RSILen(14), Histgram(\"Y\"), Line(\"Y\");\u003cbr\u003e\u003cbr\u003eVars: RSIVal(0);","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134153617777,"sku":"\\V15\\C11\\TRADERS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0389d636-e21b-44da-ba14-d6418023f0fc.jpg?v=1739669108","url":"https:\/\/shop.traders.com\/products\/stoccomv152t","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}