Re: MT5 Rsi indicators
Posted: Mon Apr 01, 2024 5:56 pm
Thank you so much. It's perfect.
Thank you so much. It's perfect.
https://www.wiley.com/en-us/The+New+Sci ... 0471035480mrtools 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 https://www.amazon.com/Science-Technica ... 0471035483.
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.
Code: Select all
AUDCAD,AUDCHF,AUDJPY,AUDNZD,AUDUSD,CADCHF,CADJPY,CHFJPY,EURAUD,EURCAD,EURCHF,EURGBP,EURJPY,EURNZD,EURUSD,GBPAUD,GBPCAD,GBPCHF,GBPJPY,GBPNZD,GBPUSD,NZDCAD,NZDCHF,NZDJPY,NZDUSD,USDCAD,USDCHF,USDJPY,XAUUSD
Is it available in on chart version mrtools? Or rsx 2.01.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.
Mrtools, you can put aside my request. I'm already happy with the RSI on chart I just got.Sutatong wrote: Thu Apr 25, 2024 1:51 pm Is it available in on chart version mrtools? Or rsx 2.01.
I want to see how rsx works on chart compares to separate window.
Went ahead and made one, this version is a little different, it has 11 rsi types to choose from and averages for smoothing.Sutatong wrote: Thu Apr 25, 2024 6:45 pm Mrtools, you can put aside my request. I'm already happy with the RSI on chart I just got.
Thanks anyway for your kind attention.
amazing!!mrtools wrote: Fri Apr 26, 2024 3:50 am Went ahead and made one, this version is a little different, it has 11 rsi types to choose from and averages for smoothing.