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Re: RSI Indicators for MT4

Posted: Tue Jun 11, 2024 7:48 pm
by kvak
Intrest 1 wrote: Tue Jun 11, 2024 6:16 pm I have turned on the gray color in the graph. This is very different from the standard rsi. Maybe it won’t be a big problem to add a standard SSL channel to the standard RSI?
You have 14 period RSI presmoothed price with 14 period ema in first window and 14 period RSI in second window....

Re: RSI Indicators for MT4

Posted: Tue Jun 11, 2024 9:19 pm
by Intrest 1
kvak wrote: Tue Jun 11, 2024 7:48 pm You have 14 period RSI presmoothed price with 14 period ema in first window and 14 period RSI in second window....
I removed the color and left only rsi. It still looks weird.
Could you simply add two MA high-low to the regular RSI with the ability to select their period?

Re: RSI Indicators for MT4

Posted: Tue Jun 11, 2024 9:24 pm
by Intrest 1
kvak wrote: Tue Jun 11, 2024 7:48 pm You have 14 period RSI presmoothed price with 14 period ema in first window and 14 period RSI in second window....
I would like a similar picture of such an indicator.
If it is possible to make high-low MA in the form of SSL, then it will be very good

Re: RSI Indicators for MT4

Posted: Tue Jun 11, 2024 9:30 pm
by Intrest 1
kvak wrote: Tue Jun 11, 2024 7:48 pm You have 14 period RSI presmoothed price with 14 period ema in first window and 14 period RSI in second window....
Or it could look like this

Re: RSI Indicators for MT4

Posted: Tue Jun 11, 2024 11:35 pm
by mrtools
RodrigoRT7 wrote: Tue Jun 11, 2024 7:42 am hello Mr Tools everything is fine?
For some time now, I've been wondering what it would be like to combine RSI + Z Score, as they are two indicators that I really like.

I discovered today that it already exists, could you convert this Tradingview code including your RSIs + averages + RMAs please? I imagine that other averages could greatly improve the smoothing.

Thank you very much, in advance :D
Z-score of RSI

The Z-score of RSI provides a method to determine if the RSI is in an overbought or oversold condition within the Bollinger Bands, represented as an oscillator.

What is the Z-score?

The Z-score indicates the distance of the data from the mean in standard deviations. The values displayed in the indicator represent the standard deviations away from the mean. Similar to Bollinger Bands, if the value surpasses the standard deviation boundary lines, it is considered to be outside the distribution or outer Bollinger Band. Crossing above the upper boundary line indicates overbought conditions, while falling below the lower boundary line indicates oversold conditions.

Hello, made this and for the Williams %R version, please see here: Z-Score of WPR for MT4. For additional information and the PDF article on the Z-Score see here.

Re: RSI Indicators for MT4

Posted: Wed Jun 12, 2024 12:28 am
by boytoy
mrtools wrote: Tue Jun 11, 2024 11:35 pm Hello, made this version.
Now that looks great Mrtools... really keen on checking this one out 👌

Re: RSI Indicators for MT4

Posted: Wed Jun 12, 2024 3:07 am
by ionone
Intrest 1 wrote: Tue Jun 11, 2024 9:30 pm Or it could look like this
this looks awesome
could you tell us ow you did that, which indis and settings ?
thanks

Jeff

Re: RSI Indicators for MT4

Posted: Wed Jun 12, 2024 3:23 am
by RodrigoRT7
mrtools wrote: Tue Jun 11, 2024 11:35 pm Hello, made this version.
it was fantastic!! It was even better than I was expecting. even more so with price filters.

If you're not going to abuse your generosity, could you just include the MTF and arrows like this AVG's Zscore? I loved this indicator :D

a big thank you!!

Re: RSI Indicators for MT4

Posted: Wed Jun 12, 2024 8:36 am
by Intrest 1
Gann RSI High Low Activator by Genry

They made me such an indicator.
He seems to sound good

Additional links and versions:

Re: RSI Indicators for MT4

Posted: Wed Jun 12, 2024 11:09 am
by boytoy
ionone wrote: Wed Jun 12, 2024 3:07 am this looks awesome
could you tell us ow you did that, which indis and settings ?
thanks

Jeff
Keen to know as well looks good man