Dynamic MyRSI with NET (Noise Elimination Technology)
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In the December of 2020 issue of TASC Magazine, John Ehlers published an indicator called MyRSI with NET (Noise Elimination Technology) in which he uses a sort of Kendall (auto)correlation to filter out signals. This release contains the initial works posted by mladen (4th November 2021) @ MetaQuotes domain codebase.
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MyRSI
Is an RSI alike version of the well-known RSI indicator where the output is range-bound between -1 and 1 values. The indicator accrues Closes up and Closes down and plots their ratio divided by their sum.
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Noise Elimination Technique
As a noise elimination technique, we are using a slightly modified and simplified version of Kendall Correlation that allows us to use it on a single indicator. In general Kendall, Correlation is used to measure an association between two sets of variables.
This release added the following...Â
─ Dynamically generated number of Periods using the DCP (Dominant Cycle Period) tool. Hence, it works ONLY with the v2v dynamic trading system.
─ This is using HA-APB based desired Price calculation (e.g. HA-APB Close, HA-APB Open, HA-APB Typical... etc.)
─ Applied Tech: ATR price adaptive, DSMA, and MomenTicks
─ Dynamic Bands based on ATR
─ Added classic and hidden Divergence (as dots)
─ Button navigation (under development)
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re-attached...
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