i 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
very 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.
Added mtf.alexm wrote: Wed Apr 16, 2025 8:23 pm very interesting one. any mtf? its not the same engine as in previous post?
Sorry 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!
Again, thanx for the idea, I found this via MT4 forum. Btw. Different smoothing styles makes pretty dramatic visual change. I am mainly coding it for quant purposes so I am not doing filter, alerts or BT sections etc. regular metatrader stuff but for manual boys this is likely best RSI to custom it I have seen yet.kvak wrote: Sat Apr 27, 2024 2:11 am Maybe it is based on this version .... but only Mrtools can write 100 % answer.
Hello.ZigZag wrote: Sat May 17, 2025 10:08 pm Again, thanx for the idea, I found this via MT4 forum. Btw. Different smoothing styles makes pretty dramatic visual change. I am mainly coding it for quant purposes so I am not doing filter, alerts or BT sections etc. regular metatrader stuff but for manual boys this is likely best RSI to custom it I have seen yet.
Coding it for MT5.
Oh, you dont have to do anything for me, yes, MT4 is full trash but easy to code, it didnt take me long to figure it out as entire platfform.kvak wrote: Sat May 17, 2025 10:15 pm Hello.
I will be preparing to do something on MT5 in the next few days, you have to be patient, it is not as easy as in MT4.
There are some RSI calculation methods exist not seen in here, for instance,kvak wrote: Sat May 17, 2025 10:15 pm Hello.
I will be preparing to do something on MT5 in the next few days, you have to be patient, it is not as easy as in MT4.