Re: MT5 Rsi indicators

93
alphinz wrote: Fri Jan 17, 2025 5:42 am Hello Mrtools,

Can you please convert this indicator ( ! Ultimate Rsi avgs (mtf + alerts + btn) to MT5

post1295533311.html#p1295533311


Thanks.
Not able to do the mt5 button yet, but think I got the rest.
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Re: MT5 Rsi indicators

94
RSIOMA +HISTO AND USIOMA (EXPERIMENTAL)

This is a version of the RSIOMA with added the new Universal Strength Indicator by Ehlers. I find it very reactive.
It's a first version, so let me know if you find errors.

Have a lovely weekend folks.

+C+

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"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

Re: MT5 Rsi indicators

95
SzybkiPtak wrote: Fri Feb 14, 2025 10:15 pm Indicators are urgently needed. All good ones will be in demand! Don’t be a miser, the drawdown has come out(... I can thank anyone who can help me later(I knowit costs each 100$), I’ll find you on the forum. Every single one of them is a system, the processor can’t handle MT4. (All from Mladen and www.forex-station.com.) (Just one another author-RSI_EMA_COL)
This a version of Mladen's composite Rsi.
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Re: MT5 Rsi indicators

100
From Mladen Rakic:

RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation
Of price filtering for rsx :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too

ALB averages that can be used :

simple moving average
exponential moving average
smoothed moving average
linear weighted moving average
Usage :

Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals
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