CodeRe: RSI Indicators for MT4

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Narutopips wrote: Tue May 06, 2025 4:40 am Please, Mrtools, can you be so kind as to add an Alert to this indicator, and if possible, make it MTF. You can direcct me if there is alreadyone with Alert. Thanks
Corridor RSX (Jurik RSI) with Alerts & MTF mode

Hello, alerts and mtf added

What is the Corridor RSX indicator?

Created by Mladen, this indicator adds a dynamic visual "structure" to the RSX (Jurik's version of the RSI).

This code, suitably named "Corridor RSX" (like the Corridor RSI), establishes a trailing envelope which acts as dynamic trend lines, both above and below the RSX, illustrating a high and low boundary that evolves over time.
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Re: RSI Indicators for MT4

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Boluwatife06 wrote: Thu May 22, 2025 4:59 pm Thanks brother, do you have an MT5 Version of this indicator ?
Good morning Boluwatife06, how are you? Unfortunately, there isn't. I imagine that this indicator is a fractal. Perhaps the XARD post has something along these lines, but without these trendlines. It's worth remembering that fractals repaint. They serve to provide a pre-direction of the trend.
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Boluwatife06

Re: RSI Indicators for MT4

3140
I use trendlines - traps - on indicators and trialled the RSx indicator (attached).
Not only did it keep me out of trouble but gave a good scalping profit of 71 pts on the Dow.
First illustratration is the set up - WAITING
Second illustratration is the entry - WAITING OVER
Third illustratration is the exit - WAITING OVER CLOSE
I urge any day trader to use traps on indicators.
TEAMTRADER
These users thanked the author TEAMTRADER for the post (total 3):
mrtools, ujtrader, Ricstar_8