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Re: RSI Indicators for MT4

josi, Wed Jun 07, 2023 3:36 pm

mrtools wrote: Tue Jun 06, 2023 3:32 am Arrows added.
Thanks,
now look at those two - similar but still different:
a) the RSI 7-line (smoothed vs non-smoothed, I guess)
b) the histo in 2nd subwindow [rsi (2x + histo) by kvak] can simulate your chosen higher TF (which, I think, is very good); whereas in 1st subwindow it "only" reflects < or > 0
c) first subwindow has change colour on slope change (for the RSI-line, which, of course is best for entries & exits based on bias)
so combined it could be used for trading
a) histo has to simulate higher TF
b) RSI-line colour has to change on slope-change
[But that's only me - giving feedback - so to speak; without the slightest wish to offend anyone}
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