Composite Index AFL

BreakThroughs in Technical Analysis

Keller, Bloomberg

 

Composite Index,tweaked to 30 day average instead of 14 day

to be used only for trading in the Bullion market as lunar cycle is considered and 50 day cycle is

suggested.

 

A=RSI() - Ref(RSI(30),-19)+ MA(RSI(3),3);
Plot(A,"Composite Index",colorBlack,styleThick);
Plot(100,"",colorRed,styleDots,styleArea);
Plot(0,"",colorGreen,styleDots,styleArea);
Plot(50,"",colorGreen,styleDots,styleLine);
Plot(70,"",colorLime,styleLine);
Overbought=100;
Oversold=0;
Plot(100,"",colorWhite,styleArea);
Plot(120,"",colorBlack,styleHistogram);
Plot(120,"",colorRed,styleArea);
Plot(-20,"",colorBlack,styleHistogram);
Plot(-20,"",colorGreen,styleArea);
Overbought=100;
Oversold=-0;