I compared the signals of the rsima to 2 Stoch. It doesn't as far as I can see do any better - one could even argue it does - at times - a bit worse. But that can be tweaked, of course. Just saying... I too am a fan of stochs - but it rarely shows the sideways movement of the RSx. I've put two sets...

Sorry to be such a dumbass - I am not talking about any arrows but about the black spots (see black spots in gray boxes) It is where the indicator 'changes its mind'. The change from one direction to another but at the last few seconds it re-changes back. The change in colour signifies these areas....

josi wrote: Thu Oct 29, 2020 12:52 am
Remind me, what are the black dots for?

The black arrows are a CCI arrow and not on the RSx indicator.
It is included as part of that template along with other on chart indicators.
TEAMTRADER

josi wrote: Thu Oct 29, 2020 12:18 am
Remind me: which one exactly are we talking about?

viewtopic.php?f=579496&t=8413428&start=1460
The RSx - the latest version is as updated in the link above but all the RSx indicators do the same job.
TEAMTRADER

As if anyone needs reminding of how good this indicator is - here is a fantastic HEAD & SHOULDERS pattern ON THE INDICATOR that any good trader would have claimed over 40 points profit in 10 minutes.
Mr Tools - this is a great indicator for many reasons.
Thanks
TEAMTRADER

This CCI indicator has multi uses. Firstly and obviously it has a default setting as a CCI-233. It shows histograms with stronger momentum, higher highs or lower lows in red, trending momentum in orange and divergence in blue - with sideways or change areas in DarkGray. Secondly it can be used by th...

[quote=MaxTorque post_id=1295420871 time=1602749360 user_id=4927612]

Hello Tematrader,

please, can you share the black arrow indicator ?

Greetings
[/quote
Attached - it is a simple CCI cross ind changed to my scalping settings.
TEAMTRADER

Do you use the volatility bands, if not can remove them and make a much lighter version which maybe the divergence will be a little better, no promises on the divergence but it may be better? Maybe just tell me what all you use on the indicator and can remove the rest. No, I do not use the volatili...

What a great indi! The template is super neat also. I put some Bollinger in and S and D. Just have to check H candles now to see if an arrow has painted. Wonderful thanks to TEAMTRADER for the ideas and MRTools for the coding. Could be my favorite Div indi right now. That is good Simon - I took off...

You've done it :) This is a special indicator, indeed and the best part is that it filters those Divergence signals so well. For me, this is the Best RSI Divergence indicator on MT4 now. Divergences are only visible on this indicator if: If RSI MA is outside 80 Overbought, Bearish Divergence signal...