Intrest 1 wrote: Tue Aug 08, 2023 4:54 pm Maybe I'm wrong...

josi wrote: Tue Aug 08, 2023 5:09 pm If you look at thousands of overbought and oversold signals and compare the ones which failed to the ones that work, you may find that "overbought" and "oversold" is a concept that overall does not work for Forex (especially during trending markets), i. e. does not really give you an edge.
(And if you turn "overbought" and "oversold" upside down - i. e. TR in the direction of the extreme hit - it still is the same concept,)
Lots of people use it, lots of people claim it works - I just haven't seen any trustworthy statistic (with a big enough corpus) that supports the thesis...

Intrest 1 wrote: Tue Aug 08, 2023 5:42 pm Rsi is related to breakout indicators in the same way as the Kelner channel. I have not seen a more accurate trend reversal indicator than the classic standard rsi. Wilder recommended using it with a period of 14 on the daily charts and it really is the best option. You won't find a better trend reversal indicator than the rsi.

Intrest 1 wrote: Tue Aug 08, 2023 4:54 pm Maybe I'm wrong, but in my opinion, rsi is made to determine the trend reversal, which signals a reversal when the price breaks the level. Therefore, rsi is a trend indicator that works on the same principle as the Keltner channel. If you want to use the breakout of the 50 level, then it is easier for you to add an SMMA of the same period to the chart,
these signals match.
The best version is the standard rsi and all kinds of modifications only worsen the signals. You can verify this by looking at various versions of the indicator.
The only exception is Connors Rsi, because it is made for completely different purposes.

kvak wrote: Tue Aug 08, 2023 6:45 am RSI trend histo as requested.

dmnik wrote: Sun Aug 06, 2023 7:02 am Doesn't draw!

forrest85 wrote: Wed Aug 09, 2023 1:02 pm Hello Guys,

It would be too good if we have alert function for this indy. I mean minimum mail alert. Could somebody do it? Thx

dmnik wrote: Thu Aug 10, 2023 8:23 am slightly fixed removed redrawing = separate setting in the main window of the indicator and added signals