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Re: RSI Indicators for MT4

Posted: Tue Feb 21, 2023 8:34 pm
by josi
Jimmy wrote: Tue Feb 21, 2023 8:10 pm Rocktheedge
Of course; I am not Rocktheedge and don't know what his trading approach will be...
As a (fundamental) disbeliever in overbought and oversold, however, I'd say:
above or below 50 is a good approach.
bias: you have lower lows and lower highs
entry: whenever RSI is below 50 and candle (crosses and then) closes below EMA20 you sell
when RSI shows divergence (to the upside), you're out [won't make you rich - better refine your exits!]

For buys: turn the approach around

Re: RSI Indicators for MT4

Posted: Tue Feb 21, 2023 8:36 pm
by Jimmy
josi wrote: Tue Feb 21, 2023 8:34 pm Of course; I am not Rochtheedge and don't know what his trading approach will be...
As a (fundamental) disbeliever in overbought and oversold, however, I'd say:
above or below 50 is a good approach.
bias: you have lower lows and lower highs
entry whenever RSI is below 50 and candle closes below EMA20 you sell
when RSI shows divergence (to the upside), you're out

For buys: turn the approach around
Bless you Josi, you're doing the hard work for the trader who originally requested for the modification.

Re: RSI Indicators for MT4

Posted: Tue Feb 21, 2023 11:16 pm
by sal
i did a different approach but same as mentioned mr. joshi
i used stoch & main zigzag HIGH LOW.
see how nice way!
m1 chart

Re: RSI Indicators for MT4

Posted: Wed Feb 22, 2023 2:46 am
by kvak
Intrest 1 wrote: Mon Feb 20, 2023 6:06 am Is it possible to make it possible to arbitrarily add signal levels other than level 50?
Here is some version what I made with arrows buffers (8,9)

Re: RSI Indicators for MT4

Posted: Wed Feb 22, 2023 2:53 am
by kvak
Here is extended RSI, where you may calculate rsi with different methods..... RSI of RSI and RSI variation, where is variator for experimenting....IF > 1 is fastest then RSI of RSI, and viceversa...

Re: RSI Indicators for MT4

Posted: Wed Feb 22, 2023 2:55 am
by kvak
And last is RSI extended with divergences....

Re: RSI Indicators for MT4

Posted: Wed Feb 22, 2023 6:13 pm
by moey_dw
rocktheedge wrote: Mon Feb 20, 2023 3:38 am HI Mr Tool.
Can you please put an arrow buffers for this version i will be thankful to you
mrtools wrote: Mon Feb 20, 2023 5:52 am Added arrows with buffers. How are you using these in your trading, would appreciate you sharing your experience & feedback with this. Thanks!
Coders and friends....

Do not help this Rocktheedge guy anymore if he does not give feedback & reply

Help those who make time to give their responses & contribute.... only

Re: RSI Indicators for MT4

Posted: Wed Feb 22, 2023 6:35 pm
by yoki
:)

Re: RSI Indicators for MT4

Posted: Wed Feb 22, 2023 6:45 pm
by Enes Kocoglu
yoki wrote: Wed Feb 22, 2023 6:35 pm Respected Mr.Tools,
Kindly add option of signal and arrow on current bar.

Thanks .
probability band indicaƶr?

Re: RSI Indicators for MT4

Posted: Wed Feb 22, 2023 7:09 pm
by yoki
Enes Kocoglu wrote: Wed Feb 22, 2023 6:45 pm probability band indicaƶr?
no band just simple rsi.