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Re: RSI Indicators for MT4

Posted: Mon Mar 10, 2025 8:07 pm
by Abdi
kvak wrote: Mon Mar 10, 2025 7:38 am RSI Line (Zig Zag/Renko type display)

Here is mod for this RSI inspired by this indicator macd as pm request.
you may show only trend dots in this RSI.
Hi, Kvak. Love this variation. Is it possible to add the on chart lines which are connecting the buy and sell arrows for a easier visual backtest?

Re: RSI Indicators for MT4

Posted: Mon Mar 10, 2025 9:47 pm
by Ogee
kvak wrote: Mon Mar 10, 2025 7:38 am RSI Line (Zig Zag/Renko type display)

Interesting trend indication and signals on a low time frame chart;


Re: RSI Indicators for MT4

Posted: Mon Mar 10, 2025 11:51 pm
by Abdi
Ogee wrote: Mon Mar 10, 2025 9:47 pm Interesting trend indication and signals on a low time frame chart;


Screenshot 2025-03-10 093626.png
This is one of Kvak's creation I mostly use. It gives nice trigger signals after pullbacks with the ma filter.
If you have not seen it already :)

Re: RSI Indicators for MT4

Posted: Tue Mar 11, 2025 11:15 am
by kvak
Abdi wrote: Mon Mar 10, 2025 8:07 pm Hi, Kvak. Love this variation. Is it possible to add the on chart lines which are connecting the buy and sell arrows for a easier visual backtest?
Hello, here is test version with onchart lines.
But have not time to test it in live market, give me a feedback....

Re: RSI Indicators for MT4

Posted: Tue Mar 11, 2025 8:24 pm
by Abdi
kvak wrote: Tue Mar 11, 2025 11:15 am Hello, here is test version with onchart lines.
But have not time to test it in live market, give me a feedback....
Thank you! Will test and come back.
-
Back :)
Something i noticed is the line placement on the chart.
It would be better i think, if the line show the lines at the close of the candles when the arrows are set.
- I drew the red and green lines manually to illustrate.

I also tried the "Change color on RSI cross MA and level cross" but nothing changed compared to the "Color on RSI cross MA" when adjusting the UP and DOWN level. I don't know if i misunderstood the function.


Re: RSI Indicators for MT4

Posted: Wed Mar 12, 2025 1:29 am
by macd & rsi
It is a useful indicator ,

You may easily add an cross alarm to this indicator.

Re: RSI Indicators for MT4

Posted: Wed Mar 12, 2025 11:45 am
by mrtools
macd & rsi wrote: Wed Mar 12, 2025 1:29 am It is a useful indicator ,

You may easily add an cross alarm to this indicator.
Hello, not sure which cross you are looking for an alert on?

Re: RSI Indicators for MT4

Posted: Wed Mar 12, 2025 6:02 pm
by macd & rsi
mrtools wrote: Wed Mar 12, 2025 11:45 am Hello, not sure which cross you are looking for an alert on?
hello , cross of two movings ,

Re: RSI Indicators for MT4

Posted: Thu Mar 13, 2025 12:56 am
by mrtools
macd & rsi wrote: Wed Mar 12, 2025 6:02 pm hello , cross of two movings ,
Hello, not able to test but it should be working right.

Re: RSI Indicators for MT4

Posted: Thu Mar 13, 2025 10:20 am
by kvak
Abdi wrote: Tue Mar 11, 2025 8:24 pm Thank you! Will test and come back.
-
Back :)
Something i noticed is the line placement on the chart.
It would be better i think, if the line show the lines at the close of the candles when the arrows are set.
- I drew the red and green lines manually to illustrate.

I also tried the "Change color on RSI cross MA and level cross" but nothing changed compared to the "Color on RSI cross MA" when adjusting the UP and DOWN level. I don't know if i misunderstood the function.


Kvaks rsi testing 1.JPG
Here is version wher lines go close to close, maybe it is better visualisation.
For second question, I post picture with 3 RSI, upper is RSI cross MA, middle is level cross and lower is combination of both, you see clearly differences

EDIT : redownload indicator, I forget one line on code and method rsi cross ma and levels not working