This is Tick Chart RSI script and it calculates & shows RSI for Tick Chart. What is Tick chart? Tick Chart is created using ticks and each candlestick in Tick Chart shows the price variation of X consecutive ticks (X : Number of Ticks Per Candle). For example if you set "Number of Ticks Per Candle" = 100 then each candlestick is created using 100 ticks. so, Tick Charts are NOT time-based charts (like Renko or Point & Figure Charts). Tick is the price change in minimum time interval defined in the platform. There are several advantages of Tick Charts. You can find many articles about Tick Charts on the net.
Tick Chart and Tick Chart RSI only work on realtime bars.
You can set "Number of Ticks Per Candle" and the colors. You can also set any of the candles OHLC values as source for RSI.
While using Tick Chart RSI I recommend you to add Tick Chart as well.
P.S. Tick Chart RSI script can be developed using different methods. in this script, all RSI values are calculated on each tick because RSI is calculated for only real-time bars, and also calculated for limited number of bars
If possible for you i need some help in making a breakout alert of the manually input level( first i need
ms555
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@ms555, i have also sent you message with chart to explain it further.
Jittra
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Why won't it show for me?
LonesomeTheBlue
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@Jittra, if the length for RSI is 14, RSI can appear on 15. candle (on length + 1 tick chart candles, and it works on realtime bars, not on historical bars)
cetinsdr
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@LonesomeTheBlue, HOCAM bendede çalışmıyor.bir ayarlamamı yada başka bişeymi yapmak gerekiyor?
LonesomeTheBlue
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@Jittra, @cetinsdr, here the explanation. Tick Chart RSI works on real-time bars and RSI can appear on 15th Tick Chart candle, so you need to wait for 15th candle (on Tick Chart)
Jittra
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@LonesomeTheBlue, Thanks I tested it and it seems I have to wait everytime I come to an asset. Seems the indicator doesn't remember it.
Kenlau90
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hello, what settings/inputs do you advise? the indicator also doesnt show up any advices? thank you
If possible for you i need some help in making a breakout alert of the manually input level( first i need