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I am generating a signal of 1 and -1 when
RSI>70 =1
RSI<30=-1
However, for all values that do not fit the above criteria I need the previous signal (of 1 or -1)
I tried to use the following Formula in the indicator Builder:
IF(RSI(14)>70, 1, IF(RSI(14)<30, -1, REF (RSI(14)>70, 1, IF(RSI(14)<30, -1), -1)
Kindly assist
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 7/25/2005(UTC)
Posts: 1,042
Was thanked: 57 time(s) in 54 post(s)
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Hi Sajeel
Try this.
R:=If(RSI(14)>70,1,If(RSI(14)<30,-1,0));
ValueWhen(1,R,R);
Roy
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