kvak wrote: Sat Jul 23, 2022 9:46 am Hello, I have this....maybe you find it useful.
Simply cross of 2 averages and filtered with RSI.
Lot of options....MTF, alerts, arrows...

unimatrix wrote: Tue Jul 26, 2022 1:17 am @kvak
Great Indi, thank you !
I've noticed some strange arrow placements and the neutral color changes a little late. Can you look into it?

太虚一毫 wrote: Sat Jul 23, 2022 6:31 pm very good!

It is recommended to add BT. Infinite merit!

• simple moving average
• exponential moving average
• smoothed moving average
• linear weighted moving average

mrtools wrote: Sat Jul 30, 2022 12:10 pm RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation

• Strong bullish market: 100
• Strong bearish market: 0

Jimmy wrote: Sun Jul 31, 2022 9:07 pm Mrtools, thank you for translating this useful standalone indicator for us (and thank you to Mladen for this code).

I think this one has potential!

mrtools wrote: Sat Jul 30, 2022 12:10 pm Relative Strength Quality Index

From Mladen Rakic:

RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation

Of price filtering for rsx :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too

ALB averages that can be used :

• simple moving average
• exponential moving average
• smoothed moving average
• linear weighted moving average

Usage :

Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals

I just translated to mt4, hopefully close to his version.

mrtools wrote: Sat Jul 30, 2022 12:10 pm Relative Strength Quality Index

From Mladen Rakic:

RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation

Of price filtering for rsx :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too

ALB averages that can be used :

• simple moving average
• exponential moving average
• smoothed moving average
• linear weighted moving average

Usage :

Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals

I just translated to mt4, hopefully close to his version.

Jim67 wrote: Mon Aug 01, 2022 6:07 pm Hi Mr Tools,
This certainly looks promising - any chance you could make it MTF please?
Cheers,
Jim