Hercs78 wrote: Sat Jun 21, 2025 6:27 pm And the winner is...
Gentlemen, here are the Spearmans vs the RSI_stop&reverse for your perusal and comments. RSi-4 with 85/15 level settings = deadly!
Hercs.

RSI_stop&reverse.mq4

The winner indeed and certainly a difference versus the old version by Max Michael.

Correct me if I'm wrong but I've found that the main differences are:

• Hercs version uses an SMA on Open Price, 4-period with Levels 85/15
• Older version uses EMA on Close price, 8-period with Levels 70/30

These two adjustments really effect how the outer bands are calculated which makes yours the more technical and minimalist (no-fuss) version. Nice!

I like your one, it would be my pick out of the two especially if adding it to an existing, modern-day Spot FX system.