added all the prices, smoothing didnt help
think this is better than the traditional rsioma (ma cross)
Re: MT5 Rsi indicators
102i digressErrør314159 wrote: Sun Mar 16, 2025 9:07 am added all the prices, smoothing didnt help
think this is better than the traditional rsioma (ma cross)
working on alerts
Re: MT5 Rsi indicators
103Dual RSI Smoother
https://it.tradingview.com/script/Sr1MR ... Smoother/
Description:
The Dual RSI Smoother is a momentum-based indicator that applies two smoothed and amplified RSI calculations to analyze potential trend reversals and overbought/oversold conditions. By utilizing two separate RSI lengths and smoothing parameters, this tool provides a refined view of price momentum and potential trading signals.
Features:
Dual RSI Calculation – Computes two RSI values with separate user-defined lengths.
Smoothing & Amplification – Applies SMA-based smoothing and an amplification factor to enhance signal clarity.
Dynamic Line Colors – Adjusts colors based on RSI interactions to visually highlight important conditions.
Buy & Sell Signals – Displays buy dots when oversold conditions are detected and sell dots in overbought zones.
https://it.tradingview.com/script/Sr1MR ... Smoother/
Description:
The Dual RSI Smoother is a momentum-based indicator that applies two smoothed and amplified RSI calculations to analyze potential trend reversals and overbought/oversold conditions. By utilizing two separate RSI lengths and smoothing parameters, this tool provides a refined view of price momentum and potential trading signals.
Features:
Dual RSI Calculation – Computes two RSI values with separate user-defined lengths.
Smoothing & Amplification – Applies SMA-based smoothing and an amplification factor to enhance signal clarity.
Dynamic Line Colors – Adjusts colors based on RSI interactions to visually highlight important conditions.
Buy & Sell Signals – Displays buy dots when oversold conditions are detected and sell dots in overbought zones.
- These users thanked the author AlgoAlex811 for the post (total 3):
- Cagliostro, ionone, alexm
Re: MT5 Rsi indicators
104very interesting one. any mtf? its not the same engine as in previous post?mrtools wrote: Fri Apr 12, 2024 8:03 am Another great indicator from Mladen and explained by him::::
Range Expansion Index (REI) definition :
Range Expansion Index (REI) is an oscillator that measures price changing rate and signals about overbought/oversold areas, in case a price shows weakness or strength. It was developed by Thomas DeMark and described in his book New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion!
The indicator values change from -100 up to +100. REI is an enhanced oscillator, as it stays neutral during a flat and shows trends only when considerable top or bottom have been reached.
This version :
This version is made according to Mark Jurik's idea : according to him, REI can be made as rsx(high) + rsx(low) - and the result should be much smoother. So, this version is doing exactly that.
You have an option to chose between three color changing modes :
color change when outer levels are crossed
color change when middle level (a sort of a "zero line") is crossed
This is a version using rsx2 with speed and depth settings, seems maybe a little faster but needs a lot of testing.
Re: MT5 Rsi indicators
105Added mtf.alexm wrote: Wed Apr 16, 2025 8:23 pm very interesting one. any mtf? its not the same engine as in previous post?
Re: MT5 Rsi indicators
106Sorry for the delay, added mtf and alerts, what else did you have in mind?太虚一毫 wrote: Mon Jun 27, 2022 6:36 pm Looking forward to the teacher adding some interesting elements to this very nice looking RSI. Such as: all prices, alerts, arrows, MTF, buttons, etc.
Infinite merit!
