Log in to see Cloud of Tags

Wealth-Lab Wiki

Template: Indicator Documentation

public RSIBand(DataSeries ds, int period, double rsiTargetLevel, string description)
public static RSIBand Series(DataSeries ds, int period, double rsiTargetLevel)

Parameter Description

ds  Source DataSeries
period  RSI period
rsiTargetLevel  Typically 70 and 30 are used as overbought/oversold levels


RSI bands provide an intuitive way of visualizing the RSI in the Price pane and are drawn for levels that are considered overbought and oversold (typically 70 and 30, respectively). The bands are calculated by answering the question, “What price should the stock have to reach today to be considered overbought/oversold, given yesterday’s RSI?”


/* Create and plot the overbought and oversold bands in the PricePane*/
using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
using TASCIndicators;

namespace WealthLab.Strategies { public class MyStrategy : WealthScript { protected override void Execute() { DataSeries obought = new RSIBand(Close, 14, 70, "Overbought(70)"); DataSeries osold = new RSIBand(Close, 14, 30, "Overbought(30)"); Color fill = Color.FromArgb(50, Color.Gray); PlotSeriesDualFillBand(PricePane, obought, osold, fill, fill, Color.Gray, LineStyle.Solid, 1); } } }

Important Disclaimer: The information provided by Wealth-Lab is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security.  The owner of Wealth-Lab.com assumes no liability resulting from the use of the material contained herein for investment purposes. By using this web site, you agree to the terms of this disclaimer and our Terms of Use.

ScrewTurn Wiki. Some of the icons created by FamFamFam.