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Re: MT5 Rsi indicators

103 by AlgoAlex811
Dual RSI Smoother


https://it.tradingview.com/script/Sr1MR ... Smoother/

Description:
The Dual RSI Smoother is a momentum-based indicator that applies two smoothed and amplified RSI calculations to analyze potential trend reversals and overbought/oversold conditions. By utilizing two separate RSI lengths and smoothing parameters, this tool provides a refined view of price momentum and potential trading signals.

Features:
Dual RSI Calculation – Computes two RSI values with separate user-defined lengths.
Smoothing & Amplification – Applies SMA-based smoothing and an amplification factor to enhance signal clarity.
Dynamic Line Colors – Adjusts colors based on RSI interactions to visually highlight important conditions.
Buy & Sell Signals – Displays buy dots when oversold conditions are detected and sell dots in overbought zones.
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Cagliostro, ionone, alexm

Re: MT5 Rsi indicators

104 by alexm
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.
very interesting one. any mtf? its not the same engine as in previous post?

Re: MT5 Rsi indicators

106 by mrtools
太虚一毫 wrote: Mon Jun 27, 2022 6:36 pm Looking forward to the teacher adding some interesting elements to this very nice looking RSI. Such as: all prices, alerts, arrows, MTF, buttons, etc.

Infinite merit!
Sorry for the delay, added mtf and alerts, what else did you have in mind?
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太虚一毫, Jimmy, Ricstar_8, Cagliostro, alexm, RodrigoRT7

Re: MT5 Rsi indicators

107 by ZigZag
kvak wrote: Sat Apr 27, 2024 2:11 am Maybe it is based on this version .... but only Mrtools can write 100 % answer.
Again, thanx for the idea, I found this via MT4 forum. Btw. Different smoothing styles makes pretty dramatic visual change. I am mainly coding it for quant purposes so I am not doing filter, alerts or BT sections etc. regular metatrader stuff but for manual boys this is likely best RSI to custom it I have seen yet.

Coding it for MT5. 
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kvak

Re: MT5 Rsi indicators

108 by kvak
ZigZag wrote: Sat May 17, 2025 10:08 pm Again, thanx for the idea, I found this via MT4 forum. Btw. Different smoothing styles makes pretty dramatic visual change. I am mainly coding it for quant purposes so I am not doing filter, alerts or BT sections etc. regular metatrader stuff but for manual boys this is likely best RSI to custom it I have seen yet.

Coding it for MT5. 
Hello.
I will be preparing to do something on MT5 in the next few days, you have to be patient, it is not as easy as in MT4.
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AlgoAlex811

Re: MT5 Rsi indicators

109 by ZigZag
kvak wrote: Sat May 17, 2025 10:15 pm Hello.
I will be preparing to do something on MT5 in the next few days, you have to be patient, it is not as easy as in MT4.
Oh, you dont have to do anything for me, yes, MT4 is full trash but easy to code, it didnt take me long to figure it out as entire platfform.

Here is Python libararies one needs, currently reading Keras and Gym, particulary Gym is interesting since its rewarding program for AI to learn itself.
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kvak

Re: MT5 Rsi indicators

110 by ZigZag
kvak wrote: Sat May 17, 2025 10:15 pm Hello.
I will be preparing to do something on MT5 in the next few days, you have to be patient, it is not as easy as in MT4.
There are some RSI calculation methods exist not seen in here, for instance,

Spectrum- and Machine Learning-Based,

Fourier RSI / DCT RSI
– Uses Fourier or cosine transform to smooth the data before calculating RSI.

Machine Learning Smoothed RSI
– Bandwidth or smoothing is learned from market data, e.g., using XGBoost or RNN.

Savitzky-Golay RSI
– Uses polynomial fitting for smoothing, well-suited for preserving curvature.

Cardwell’s Positive and Negative Reversals
– An advanced interpretation method developed by Andrew Cardwell, focusing on RSI behavior in trending markets.

Median RSI / Robust RSI
– A median or robust average is used to reduce noise and spikes.

RSI of RSI (RoR)
– RSI is calculated first, and then the RSI of that result. It is used to assess trend continuation.

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