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Re: RSI Indicators for MT4

mrtools, Fri Apr 28, 2023 3:10 am

uradello wrote: Thu Apr 27, 2023 2:28 pm Good morning Sir,
I would like divergences on indicators attached...
1) Optimal divergence occurs when the RSI3 indicator line is below extreme levels
Extreme level are 10 and 5
2) RSI3 is below extreme levels and the divergence of the 3M3 indicator forms at the same time
extreme levels for 3M3 are -30 and -35
i eliminated the wobble bands by putting NO COLOR on them
thank's in advance
Image

Image
Started with this version and added divergence, for the dz bands if you put buy and sell probability to zero then they won't show, also has an on/off option for the dz mid line. Also attaching Walter Bressert's article about the indicator.
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