micmacaudio wrote: Thu Jul 28, 2022 12:12 am hello hope all mr tools or any coer can you all fix this indicator its very good

You can't post a screenshot?

micmacaudio wrote: Thu Jul 28, 2022 12:12 am hello hope all mr tools or any coer can you all fix this indicator its very good

It needs "TriangularMA centered Multiple bands" and "Low-high bands v1.0", in your indicators folder for it to work.

BeatlemaniaSA wrote: Wed Jul 27, 2022 2:58 am Dear Master coders,

I am about to release the next minor update of my XU-Hybrid system and would love for you to upgrade the following 3 indicators with auto-adjusting bars

You know I love continuity throughout my charts. So it would be great if all the indicators adjust in unison with each other

Indicators:

1) Pet-D separate.mq4

2) Percentage Price Oscillator (mtf).ex4

3) MACD_Momentum_&_Trend_Index_1.031.mq4

Warmest regards,
BeatlemaniaSA

Almost there

Macd i posted here Macd indicators

mrtools wrote: Thu Jul 28, 2022 1:03 am Macd i posted here Macd indicators

honje19960321 wrote: Wed Jul 27, 2022 2:02 am Dear Mr Tools,
Please help me if you have time.
Add MTF and buttons and all averages to this gem
Infinite meritBB_Analyzer_2.03_alerts_nrp.mq4

Hope Mr.Tools can take the time to add MTF for me. .
Grateful

honje19960321 wrote: Thu Jul 28, 2022 2:12 am Is it possible for Mr Tools to add MTF to it
Gratitude

mrtools wrote: Thu Jul 28, 2022 3:11 am Looks to me, even thou it says nrp it repaints, sorry.

This indicator will not be repainted, will it help us join MTF
Thankful

introducing the gandhi collection, its kind of trash but few might be worth something

fast hide/show symbol

Sir is their any chance of making this indicator of tradingview for mt4.
It will be a great help

It's name is- CVD - Cumulative Volume Delta Candles by tradingview

Hello dear coders!
Is it possible to implement this idea into an RSI trend line indicator?

It's so easy to start trading using the RSI indicator without testing different settings or learning how to properly interpret this indicator because of the desire to get paid fast!
As a result, the RSI has become one of the most commonly misused indicators.
Once understood and correctly applied, RSI can indicate if prices are trending.
when the market is overbought or oversold, and the best price to enter or exit a trade.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change in price movement.

The RSI fluctuates between 0 and 100 and is often used to measure overbought conditions and
oversold in the market, divergence or to determine the overall trend.
Essentially, RSI analyzes the total number of down periods compared to the total number of up periods and plots the average on the RSI curve.
There are many different methods for using it, but it can be modified depending on your specific needs.

RSI trend lines
An overlooked method of using RSI is to use trendlines directly on the oscillator itself in much the same way as they are used on price charts.
Trendlines are one of the most common and useful tools in a trader's arsenal.
They are used to show price movement up, down and sometimes sideways.
Confirmed trendlines are built by connecting the low or high of the cycle as
with at least two other highest or lowest points on the chart to create a line of best fit.
Connecting rising RSI swing lows in an uptrend or lower
swing highs in a downtrend, traders can find trading opportunities with
high risk to profit.
Because the RSI measures the jump in closing prices when the RSI reverses direction and breaks higher
or below the trend line, this can lead to a significant price movement.

So, we will use the RSI indicator to show us if the prevailing trend has ended and if a new trend is starting.

We are not going to measure overbought/oversold conditions or as a crossover system, we are going to go one step further and look for a break of the prevailing trend momentum.
By this I mean that we will be looking at price changes relative to peak changes and
troughs that the RSI indicator will generate.
The trendlines placed on this oscillator provide an extra level of precision as well as additional trading setups.

Since the signals are leading rather than lagging, stops can be placed relatively close to the entry point. This allows you to take a good risk to reward the trading opportunity.

The RSI trendline approach works best on higher timeframes, but
it can be used on any timeframe, for example for day trading.

The rules of this technique are simple, we only need to connect the most recent peaks or troughs
RSI with a trendline and we are looking for a trendline break that will alert us that the market
lost its steam and the prevailing trend. lost its momentum.

There is one more condition that needs to be met in order to enter the trade, we need,
for the price to still trade below its trend line, so we need the line to
the RSI trend was broken and the price was trading. below its trend line.
This is the most important principle for the RSI trendline strategy to work because it tells us about
divergence between momentum and price.

The momentum always outpaces the price and that is why this strategy can bring big profits.
A breakout of an RSI trendline usually precedes a breakout of a trendline on a price chart,
providing early warning of a reversal.
Therefore, recognizing the breakout of the RSI trend line can be important and profitable.
an indicator that the direction of the price is about to change.

This is an early warning
Before the start of a new trend or reversal, a leading signal appears.
The RSI is by nature a lagging indicator.
Lagging indicators give signals only after the price change clearly forms
trend. The downside is that you will be a little late in entering the position.
Often the biggest rise in a trend is in the first few bars, so using
lagging indicator, you could potentially miss out on most of the profits.
That is, when trading on the breakdown of the RSI trendline, you will receive leading signals.
When you use leading indicators, you will run into a lot of false positives.
This is why it is important to keep a close eye on PRICE ACTION.

Follow the main trend
You need to draw key support and resistance levels to identify the trend and draw RSI trend lines in the direction of the main trend.

Here is a common mistake.

Many traders who use the RSI trendline breakout method use it as a signal
reversal. They see an uptrend, see the break of the RSI trend line and go short. It might work, yes, but it's not the most consistent way to use it.
Use it more conservatively.

When you spot the same uptrend, look for RSI trendline signals that offer
buying opportunities.
Not interested in RSI signals indicating short trades. Stick to the main trend.
On the GBPUSD chart, we have noticed some breakouts of the RSI trendline.
The use of a trendline provided additional visual confirmation that a trading opportunity was close at hand.
The use of trendline breakouts gave buy signals a few candles before
actual movement.
On this other chart, we can imagine what a short install would look like.
We have price making lower lows and lower highs, so we
we are definitely in a DOWN TREND.

We have added the main support and resistance levels. We then identified a breakout of the RSI trendline. As for the stop loss level, it is common practice to use the candle where the RSI has broken its trend line, so in the case of our short setup, our stop loss will be above that candle.
In real time trading, this is not the best practice. Rely on recent market fluctuations. Try to place your stop loss above an important swing.
If you prefer better visualization of the trend, add a long-term moving average and take trades in its main direction.
Here are other examples of RSI trendline trades.

Best RSI Setting
Regarding the settings, or rather the RSI period.
The RSI, like many other oscillators, is set to 14 periods by default.
This means that the indicator looks at 14 bars on any chart you view to create a reading.
Although 14 is the default period, this may not be suitable for your trading.
Typically, short-term traders use a smaller period, such as the nine-period RSI, to reproduce short-term market movements.
Long-term traders may choose a higher period, such as a 21-period RSI or even a 50-period RSI.
Depending on your trading style, you can lower the RSI to increase
sensitivity, or raise it to decrease sensitivity.
Keep in mind that on lower timeframes with lower RSI settings you will get a lot of
false signals, because the indicator will have increased sensitivity.
So it might be better to increase the RSI value if you want to test this technique on
smaller timeframes.
If you need smoother analysis with less noise, use higher timeframes.

Here you can use a lower period RSI which will give more room for trendlines, but you can also take a less sensitive approach by using a higher period RSI such as 21.
The key is to test and find the best approach that works for your
trading style.
The RSI is a powerful tool that can be of great help in deciding when to BUY and when to SELL.
Sometimes it can also predict a trend that other indicators are too slow to recognize.
An important tip is that you shouldn't chase deals, let them come to you.
RSI is an indicator and just watch the price. You should be patient and wait for a clear breakout of his trend line.
Maybe sometimes you should wait to see how the first candle after
breakdown, and after that open a deal.

dmnik wrote: Fri Jul 29, 2022 5:25 am

Despite the extreme long-windedness of the desription
the idea seems a valid one (and only implements in the subwindow what RplusT has been preaching all along).
Just for comparison's sake: it gives you basically the same entries that Beatlemania's new XU-Hybrid will give you but - as you can see - it is the simplest approach imaginable.
[If you don't trust your indicator(s), i. e. need a lot of confirmation, go for Beatle's visually overwhelming setup]
Of course, if you wanted to enhance this method: you could time your entries & exits on a smaller TF-RSI:
for example: you analyse on H1 (overall bias) and trade in the prevalent direction on M1, M5, M15.
What I am saying is: it would be good to have 2 RSI indicators in the subwindows: on for bias, the other (lower TF) for entries & exits.