Re: RSI Indicators for MT4

1174
This is Mrtools & Mladen's optimized RSX Coronforex NRP for MT4 which comes with Alerts and is a good indicator for scalping on all timeframes.

Instructions on how to use the indicator:

RSX nrp coronforex indicator is an oscillator that is drawn and works with zones of overbought and oversold markets.

Trading using RSX nrp coronforex indicator:

  • When The indicator line has raised to maximum values (greater than 80), then this means that the price of a financial instrument is overbought. And it is a signal to sell. Red arrows will be shown on the chart also.
  • When The indicator line has lowered to the minimum values (less than 20), then this means that the price of a financial instrument is oversold. And it is a signal to buy. Green arrows will be shown on the chart also.

An additional signal is the color of the indicator line. If the line indicator is green, this means that there is an uptrend. If the line is pink then it is a signal of a downtrend. One of the major ways to trade using the indicatoris when the green arrow then place a buy position , when its changes to red arrow then close the current buy transaction and open a new sell one, and vice versa.

RSX nrp coronforex indicator is a successful modification of the Coronforex indicator, its profitable and exactly worthy to look at it closer. It can act as an independent trading strategy or part of the trend of the system as a supplement.
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Re: RSI Indicators for MT4

1175
mntiwana wrote: Tue Apr 04, 2017 9:42 am DSS Bressert - composite rsi nrp alerts + divergence 2.1

This is Double Smoothed Stochastic Bressert Composite RSI version that is nrp with alerts (alerts on divergence too),multiple divergences (hidden,on indicator and on chart,size,gap,unique ID) 20 prices option,EMA smoothing method

May be some more smoothing methods (Tema-TMA-Smoothed) make it more compromising tool.
Edit: Nevermind!


Re: RSI Indicators for MT4

1179
mrtools wrote: Mon Oct 16, 2017 1:03 am This is an updated version of rsx + ma and tma centered bands indicator, added the newest prices for the rsx, newest mtf, and the rsx signal line has more choices for moving average, and it's now user friendly. The divergence now has arrows for hidden and classical divergence.
Hi mrtools,

I really love this indicator. I use it for divergences. Can i ask if its possible to add an alert popup on divergences, because it seems like currently when a divergence arrow appears, this does not trigger alerts.

Much love.


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