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Re: RSI Indicators for MT4

621 by mntiwana
mladen wrote: Wed May 10, 2017 3:41 am And here is this one too

- Fully user friendly
- Added price smoothing
- Added color change of the rsi line too
- cleaned up some possible issues

Now it is rsi(oma) + ma crosses. Using the basic 4 average types, but it is a source code and it cane be fully used for any further developments - being that the code is clean now

rsi + ma crosses.png
Dearest MLADEN
Thanks for this version of "rsi(oma) + ma crosses" working pretty :)
i like request for 2 favors - an "Tema addition in methods and color change on slope - it will help us more in a concise way
one of my curiosity - rsi taking 50 level as up/down when rsioma taking zero (0) as up/down level
regards
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: RSI Indicators for MT4

624 by mntiwana
rsx digital Kahler - prices + lines + alerts 2_1
MLADEN : As part of later change that will be also posted here - and since rsx is very good for adapting,unlike the rsi - here is a RSX Digital Kahler indicator too - it is smoother - which is logical,since the rsx itself is smoother than rsi
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: RSI Indicators for MT4

625 by mladen
mladen wrote: Wed May 10, 2017 3:41 am And here is this one too

- Fully user friendly
- Added price smoothing
- Added color change of the rsi line too
- cleaned up some possible issues

Now it is rsi(oma) + ma crosses. Using the basic 4 average types, but it is a source code and it cane be fully used for any further developments - being that the code is clean now

rsi + ma crosses.png
A new version (with 33 price types) posted here : Rsi + ma crosses 1.04

Re: RSI Indicators for MT4

626 by mntiwana
mladen wrote: Wed May 10, 2017 10:36 pm A new version (with 33 price types) posted here : Rsi + ma crosses 1.04
Dearest MLADEN
Here is my way of experimenting,seems reasonable :)
then at the current short range chart newest ha better formula prices beating 4 times (vlines drawn) with removing one false signal - means fast and smooth - thanks
lowest sw with newest HABF prices and upper sw with usual HA prices - the rest parameters are same equal
i like request for "Tema" addition as fifth ma method
regards
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: RSI Indicators for MT4

627 by mladen
blackking wrote: Fri May 12, 2017 10:48 pm Rsi also as good indicator, usually used for determine overbought oversold area, might this is also similar with stochastic oscilator, but however this is only help tool, still need risk management because might occur indicator already indicate on overbought or oversold area but still move continue the trend.
Rsi tends to "flatten" (when the periods are longer, it is more and more close to 50)
Probably the best is to use some version that avoids that - versions that use floating or dynamic levels. Much better for that type of OB/OS levels

Re: RSI Indicators for MT4

628 by Krelian99
'OB' and 'OS' are only weak signs and are very misleading for beginners. It just say that a market is hyped too much lately and the trend needs at least a short pause or better a retracement in order to stay healthy. If you just jump long in the market because your RSI(8) is below 30 you find again yourself in loosing positions very often. If trading is that easy, it would be football. A trader better forget about these two obsolete terms.

Re: RSI Indicators for MT4

629 by mntiwana
Krelian99 wrote: Sat May 13, 2017 6:56 pm 'OB' and 'OS' are only weak signs and are very misleading for beginners. It just say that a market is hyped too much lately and the trend needs at least a short pause or better a retracement in order to stay healthy. If you just jump long in the market because your RSI(8) is below 30 you find again yourself in loosing positions very often. If trading is that easy, it would be football. A trader better forget about these two obsolete terms.
Thanks for your key comments but seems you disappear for long interval,is not a good idea,miss you :)
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

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