Page 249 of 323
Re: RSI Indicators for MT4
Posted: Thu Jun 29, 2023 7:48 am
by kvak
Lightningstorm7 wrote: Thu Jun 29, 2023 1:54 am
Hi Kvak, Can you possibly add a header to this indicator that turns green when the Rsi is above the signal line and red when the rsi is below it please?
Kind RegardsSynthetic RSI.mq4
Hello, I little enhanced this file. Added Rsi type and averages type for calcution.
Re: RSI Indicators for MT4
Posted: Thu Jun 29, 2023 8:47 am
by Lightningstorm7
kvak wrote: Thu Jun 29, 2023 7:48 am
Hello, I little enhanced this file. Added Rsi type and averages type for calcution.
Awesome Kvak! Thank you.. looks way better; using this indicator for scalping..
Best Regards
Re: RSI Indicators for MT4
Posted: Sun Jul 02, 2023 10:07 am
by Lightningstorm7
kvak wrote: Thu Jun 29, 2023 7:48 am
Hello, I little enhanced this file. Added Rsi type and averages type for calcution.
Good Day Kvak, can you please add a header to the original synthetic rsi? I am noticing a little bit of a difference maybe because of the added averages and calculations. overall it is a wonderful modification i just need a simpler mod it is easier to read and follow please..
Regards
Re: RSI Indicators for MT4
Posted: Sun Jul 02, 2023 6:29 pm
by dmnik
mrtools wrote: Tue Jun 27, 2023 5:09 am
Mladen Rakic:
Theory:
This indicator is constructing RSI candles from RSI of open, high, low and close. Those same values are then used to calculate the ATR (Average True Range) of such RSI values (instead of using high, low and close, the indicator is using RSI high, RSI low and RSI close for "ATR" calculation) and then that value is used to display a Keltner channel of such RSI candles (average price used for Keltner middle value is the average of RSI high, low, open and close).
Usage:
You can use the breaks of the "Keltner channel" as an indicator of short term volatility / momentum estimate (since RSI itself is from the family of momentum indicators).
This is the mt4 version.
Hey mrtools! You can add arrows with settings for channel breakouts. Thank you!
Re: RSI Indicators for MT4
Posted: Mon Jul 03, 2023 5:04 am
by kvak
Lightningstorm7 wrote: Sun Jul 02, 2023 10:07 am
Good Day Kvak, can you please add a header to the original synthetic rsi? I am noticing a little bit of a difference maybe because of the added averages and calculations. overall it is a wonderful modification i just need a simpler mod it is easier to read and follow please..
Regards
Synthetic RSI(1).mq4
Little bit of difference? Where? If you use different average, rsi for calculation, yes, but if you have same imputs, it is same....
Re: RSI Indicators for MT4
Posted: Mon Jul 03, 2023 8:27 am
by Lightningstorm7
kvak wrote: Mon Jul 03, 2023 5:04 am
Little bit of difference? Where? If you use different average, rsi for calculation, yes, but if you have same imputs, it is same....
My apologies Kvak, seems my brain was having a little System of a Down moment, by the time I realized that i couldn’t delete my post… Thank you for helping with this request
Kind regards
Re: RSI Indicators for MT4
Posted: Mon Jul 03, 2023 9:04 am
by mrtools
dmnik wrote: Sun Jul 02, 2023 6:29 pm
Hey mrtools! You can add arrows with settings for channel breakouts. Thank you!
Candles leaving the bands?
Re: RSI Indicators for MT4
Posted: Mon Jul 03, 2023 1:46 pm
by mrtools
This is a composite rsi done as sw candles with a keltner channel older version done by Mladen.
Re: RSI Indicators for MT4
Posted: Tue Jul 04, 2023 6:32 am
by NewLight
kvak wrote: Mon Jul 03, 2023 5:04 am
Little bit of difference? Where? If you use different average, rsi for calculation, yes, but if you have same imputs, it is same....
Kvak, Thank You... any chance to make a histo of this?
Re: RSI Indicators for MT4
Posted: Tue Jul 04, 2023 7:27 am
by kvak
NewLight wrote: Tue Jul 04, 2023 6:32 am
Kvak, Thank You... any chance to make a histo of this?
What type of histogram? I made this 0-1 histo.