AFL for RSI Crossover System

APIBridge, Amibroker 

This tutorial shows how AFL for RSI Crossover System can be used on charts of Amibroker to Trade 

 
Strategy Premise 

RSI is an oscillator which depicts momentum in prices. We try using two RSI of different periods to judge the short-term momentum and long-term momentum. So trade entries will be based on RSI indicator. 

However, by construction, RSI gives a lot of whipsaws while it oscillates up and down. So trade exits are done using RSI levels to avoid too frequent re-entries. 

Strategy Logic 

Buy: When price cross above the 50 period range 

Sell:  When prices cross below the 50 period range 

Amibroker Settings 

Step 1: Make sure you have completed Jump Start setup 

Step 2: Download RSI Crossover System AFL from here and RSI Crossover Indicator from here. In Amibroker, Go to Formula editor and paste the AFL here.   

Step 3: Add Separate Entry Exit Automation AFL after the strategy AFL and hit Apply. 

Step 4: Right Click on the chart and go Parameters to adjust the inputs of the strategy.