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Re: RSI Indicators for MT4

Jimmy, Wed Jul 17, 2024 8:34 pm

mrtools wrote: Wed Jul 17, 2024 3:57 am RSI Efficiency Ratio with Wilder's Double Smoothed EMA & Bollinger Bands

This is an efficiency ratio adaptive wilder's dsema with bollinger bands. Has choices of slope, outer level cross, or middle line cross coloring with matching alerts.
Mrtools thank you brother. This is a strong indicator for scalping the Bollinger Bands's breakouts and compared it to your legendary TDI using a 13-period RSI for both indicators the RSI ER produces almost identical entries but is much smoother and easier on the eyes (especially for new traders).
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