some times error will helps binary traders brotherionone wrote: Sun Feb 27, 2022 6:29 pm As you know I reverse engineered Decomposed RSI
it's here if you missed it :
viewtopic.php?p=1295459114#p1295459114
and I realized that Mladen version was using wrong Prices. I had a little doubt, because it would've very well been a mistake in my code
but then I analyzed his indicator using a period of 1 and the closes prices and the indicator behave differently than what it should've:
"if you put a period of 1 and compare lows and close prices, you can see here that close prices are going down, but the RSI Gain curve is positive (the RSI Losses curve should be positive in that case)
aaaand, the lows are going up.
so low prices and the curve are in correlation, while close prices and the curve are in opposite correlation"
which means that LOW prices have been used instead of CLOSE prices (with the PRICE_CLOSE setting)
settings used
Mladen is silent about that error
the problem is that if he doesn't aknowledge his mistake, the error will perpetuate in further indicators
and he won't fix the old indicators that use wrong prices.
Jeff
i do love this situation !.how ?
if you see the 1 bar & 2nd bar, there is bar divergence can visible subject to the RSI line green.
green line goes up where as 2nd bar down and market disagree the trend direction.
if you can make arrow as per situation, it will be helpful to take trade 1 bar or 2 bar expiry.!!
mt4 version is preferred.
