Re: Metatrader 5 Versions of indicators.

#223
From Mladen:::

RSI that can use 4 different types of averages for RSI calculation was originally developed for MetaTrader 4 by Igor Durkin ( (originally posted here: https://www.mql5.com/en/forum/175870).

Igor Durkin:

...

So-called normal RSI uses EMA smoothing with period = 2*Length-1 (or Wilder's smoothing with period=Length).

I've developed RSI indicator with my algorithm of calculation.

Now you can use any values for length and any kinds of smoothing.

...

This version can use up to 2 Moving Averages applied to that RSI in order to filter out some false signals (when RSI is used in combination with levels crosses). In this version you can use smoothed values of the RSI for signals. To set any of the averages off, set the average period to less than or equal to 0.

Recommendations
>>>Use some short period for fast period (default is 2) to help filtering out some of the RSI sudden value and direction hanges.
>>>>Use some longer period for slow period (default is 8).
>>>>Try using the crosses of the averages as signals.
Attachments
Rsi(var) with averages.mq5
(17.97 KiB) Downloaded 14 times
rsi var.png
rsi var.png (19.45 KiB) Viewed 196 times

Re: Metatrader 5 Versions of indicators.

#225
Inverse fisher Rvi from Mladen:::::

Relative Vigor Index indicator used in technical analysis to measure the conviction of a recent price action and the likelihood that it will continue. The RVI compares the positioning of a security's closing price relative to its price range, and the result is smoothed by calculating an exponential moving average of the values.

The indicator is calculated by using the following formula:

RVI = Close - Open
High - Low




This indicator has an addition of inverse Fisher Transform to the RVI.

The Inverse Fisher Transform normalizes the values in the desired range (-1 to +1 in this case) which helps in assessing the overbought and oversold market conditions.
Attachments
ift rvi.png
ift rvi.png (21.7 KiB) Viewed 115 times
Inverse Fisher RVI.mq5
(6.88 KiB) Downloaded 10 times

Re: Metatrader 5 Versions of indicators.

#226
mrtools wrote:
Thu Feb 15, 2018 3:16 am
Inverse fisher Rvi from Mladen:::::

Relative Vigor Index indicator used in technical analysis to measure the conviction of a recent price action and the likelihood that it will continue. The RVI compares the positioning of a security's closing price relative to its price range, and the result is smoothed by calculating an exponential moving average of the values.

The indicator is calculated by using the following formula:

RVI = Close - Open
High - Low




This indicator has an addition of inverse Fisher Transform to the RVI.

The Inverse Fisher Transform normalizes the values in the desired range (-1 to +1 in this case) which helps in assessing the overbought and oversold market conditions.
Dear mrtool, do you have heiken ashi with mtf and alerts for MT5 ?


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