Applying Indicator to another Indicator

This is a discussion on Applying Indicator to another Indicator within the Trading Software forums, part of the Commercial category; I wonder if it is possible to apply moving average to rsi directly in the charts? thanks!...

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Old Mar 27, 2008, 11:59pm   #1
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Applying Indicator to another Indicator

I wonder if it is possible to apply moving average to rsi directly in the charts?
thanks!
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Old Mar 28, 2008, 12:24am   #2
 
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Quote:
Originally Posted by dima777 View Post
I wonder if it is possible to apply moving average to rsi directly in the charts?
thanks!
Depends on the charting package I guess.... With Amibroker it is definately possible and from memory I believe it can also be achieved in MS.
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Old Mar 28, 2008, 3:01am   #3
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You most definately can for TradeStation.
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Old Mar 28, 2008, 3:56am   #4
 
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Example
EL for 10 day RSI and moving average using closing prices:-

Plot1(RSI(close, 10));
Plot2(Average(close, 10));

Save and plot as one indicator in TS.
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Old Mar 28, 2008, 12:36pm   #5
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plot1( Average( RSI( close, 10 ), 10 ) ) ;

This is how you would do an average of the RSI for charting.
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Old Mar 28, 2008, 2:50pm   #6
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dima777 started this thread yep...thanks......i want to know if there is a way to simply apply an indicator to another indicator WITHOUT going to teh easylanguage editor...
thanks!!!
ps: how is our trendline project going?)))
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Old Mar 28, 2008, 4:23pm   #7
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No you can not do that.

It is not going to work well with the auto trendline. I can build something for you that will show the technique and also be a useful trading tool for you to have.
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Old Mar 28, 2008, 5:07pm   #8
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dima777 started this thread i see..thanks....i wish you showed me how to do that with any type of a trendline..if that is not possble mayme you can show me how to export moving average for example,
thanks!
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Old Mar 28, 2008, 5:11pm   #9
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I have you a good indicator built with a little stats module built in. This is an actual good indicator that is useful and not just an example.
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Old Mar 28, 2008, 5:21pm   #10
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dima777 started this thread cool...where can i see it?)
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Old Mar 28, 2008, 6:24pm   #11
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In the original thread.
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Old Mar 28, 2008, 7:55pm   #12
 
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Quote:
Originally Posted by dima777 View Post
yep...thanks......i want to know if there is a way to simply apply an indicator to another indicator WITHOUT going to teh easylanguage editor...
thanks!!!
ps: how is our trendline project going?)))
Actually you can do this, at least with some indicators (the ones that have price as a parameter). For example to show the average of RSI, put a moving average on the chart, and edit the price input from 'close' to RSI(close,10) for example. Note that we are actually using the name of a function here, rather than the indicator. Most, but not all, indicators have a function associated.

Steve
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Old Mar 28, 2008, 8:33pm   #13
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Yes, that is most certainly true. I overlooked this by thinking you were wanting to apply two indicators and have them interact without coding, and I do this sort of thing shown here often
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Old Mar 28, 2008, 8:56pm   #14
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dima777 started this thread cool...thansk for your answers! that helps a lot!)) i was just hoping that you could simply drop one indicator over another without doing any tweaks manually..
I also hope ts will allow to access EL editor directly from the format strategies and techniques window!
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Old Mar 28, 2008, 11:50pm   #15
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You can certainly add multiple indicators to the same chart and they will overlay if they scale correctly. I am not sure what you are talking about when you mention accessing EL editor from the format analysis techniques window as this is certainly what you can do with the newest version of TS.
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