Re: RSI Indicators for MT4

3007
mrtools wrote: Thu Jan 02, 2025 5:56 am RSI Summed with Multi-timeframe & Alerts

Last try, in more ways than one :) !

ps) on the slower rsi's you may have to adjust the periods down a bit.

What is the RSI Summed indicator?

This code is based on Mladen's indicator.

The RSI "Summed" evaluates the NNN (next-nearest-neighbour) RSI values defined by the periods parameter to determine whether all NNN RSI values exceed or fall below a specified threshold. If all values are above the threshold, it indicates an upward state; conversely, if all values are below the designated low level, it indicates a downward state. If the values are mixed, the indicator reflects a Neutral state.

It can be contended that this state could be determined by examining only the slowest RSI; however, this is not always the case, as it significantly depends on the periods selected. Therefore, the indicator will assess all the specified RSI values.

The periods can be designated as a list separated by colons. The default setting is 14;15;16;17;18;19;20;21.

For the Stochastic version of this indicator please see here: Stochastic Summed for MT4.
I was wondering if it might be possible to create CCI version ? and also add all prices Thanks again for everything you do!
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The loss is just a cost of doing business, accept it as an investment in learning, improving, and staying in the game for the next big win.

Re: RSI Indicators for MT4

3009
Adding vertical lines or arrows to highlight the first signal would be really helpful! Sorry for sending so many requests today please take your time and address this whenever it’s convenient for you. Thank you!
The loss is just a cost of doing business, accept it as an investment in learning, improving, and staying in the game for the next big win.

Re: RSI Indicators for MT4

3010
mrtools wrote: Thu Jan 02, 2025 5:56 am RSI Summed with Multi-timeframe & Alerts

Last try, in more ways than one :) !

ps) on the slower rsi's you may have to adjust the periods down a bit.

What is the RSI Summed indicator?

This code is based on Mladen's indicator.

The RSI "Summed" evaluates the NNN (next-nearest-neighbour) RSI values defined by the periods parameter to determine whether all NNN RSI values exceed or fall below a specified threshold. If all values are above the threshold, it indicates an upward state; conversely, if all values are below the designated low level, it indicates a downward state. If the values are mixed, the indicator reflects a Neutral state.

It can be contended that this state could be determined by examining only the slowest RSI; however, this is not always the case, as it significantly depends on the periods selected. Therefore, the indicator will assess all the specified RSI values.

The periods can be designated as a list separated by colons. The default setting is 14;15;16;17;18;19;20;21.

For the Stochastic version of this indicator please see here: Stochastic Summed for MT4.
Thank you mr tools for your work only one request is to limit bars cause it consume alot of resourses


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