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Re: MT4 Indicator requests and ideas

kvak, Wed Jan 31, 2024 10:40 am

ixion700 wrote: Wed Jan 31, 2024 6:56 am Hello dear @kvak. As we know RVI is a very good momentum indicator for Scalping. Since it is using SMA and normal price types, i think this indicator can have a great deal of improvement with using HA type prices and other averages in it's formula. I hope this can catch your interest to make a new version of RVI which the average and price types can be selected. Attached a picture of the formula that is also described here: https://www.investopedia.com/terms/r/re ... _index.asp. Best regards.
Try this simple version with smoothing, added also mtf.
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