Re: RSI Indicators for MT4

1221
mrtools wrote: Wed Nov 20, 2019 3:21 pm This is a start, looks like he was using an rsi that was using linear weighted moving average, but need to experiment with the other 3.
Thank you mrtools.
didn't realize it was on LWMA, the EMA looks better but will test it over the week.

wanted to clarify with you, the jurik phase, it ranges from -100 to 100. what would you recommend for the lower time frame ?


Re: RSI Indicators for MT4

1222
thiru wrote: Wed Nov 20, 2019 4:30 pm

Thank you mrtools.
didn't realize it was on LWMA, the EMA looks better but will test it over the week.

wanted to clarify with you, the jurik phase, it ranges from -100 to 100. what would you recommend for the lower time frame ?
My personal preference is to use it at 0, but really haven't tested other settings.
These users thanked the author mrtools for the post:
thiru

Re: RSI Indicators for MT4

1225
please do this RSI trendline

Code: Select all

// RSI TRENDLINE formula ver 1.0

SetBarsRequired(sbrAll, sbrAll);                                                        
TP = Param("Trend Per", 300,2,1000);                                                                
per_RSI= Param("RSI Per", 9, 7, 35,1);
IND =  RSI(per_RSI);                                                                                                      
Center = 50 ;

Plot( RSI(per_RSI), "", 4, 4);     
Plot(50,"",1,1) ;

// CALCULATE  UPTREND

startvalue = LastValue( LLV( IND, TP ) );                                                                          
startbar =  LastValue( ValueWhen( IND == startvalue, BarIndex(), 1) );                      
BP = BarCount - Startbar;                                                                                            

secondvalue =  LastValue( LLV( IND, BP - 5  ) );                                                       
secondbar =  LastValue( ValueWhen( IND == secondvalue, BarIndex(), 1) );            
BP2 = BarCount - secondbar;  

thirdvalue =  LastValue( LLV( IND, BP2 - 5 ) );                                                    
thirdbar =  LastValue( ValueWhen( IND == thirdvalue, BarIndex(), 1) );             
BP3 = BarCount - thirdbar;  

fourthvalue =  LastValue( LLV( IND, BP3 - 5 ) );                                                       
fourthbar =  LastValue( ValueWhen( IND ==fourthvalue, BarIndex(), 1) );         
BP4 = BarCount - fourthbar;  

fifthvalue =  LastValue( LLV( IND, BP4 - 5 ) );                                                    
fifthbar =  LastValue( ValueWhen( IND ==fifthvalue, BarIndex(), 1) );       
BP5 = BarCount - fifthbar;  

sixthvalue =  LastValue( LLV( IND, BP5 - 5 ) );                                             
sixthbar =  LastValue( ValueWhen( IND ==sixthvalue, BarIndex(), 1) );         

Low_1= IIf( BarIndex() == startbar, 80, Null);
Low_2= IIf( BarIndex() == secondbar, 80, Null);
Low_3= IIf( BarIndex() == thirdbar, 80, Null);
Low_4= IIf( BarIndex() == fourthbar, 80, Null);
Low_5= IIf( BarIndex() == fifthbar, 80, Null);
Low_6= IIf( BarIndex() == sixthbar, 80, Null);

b = startvalue ;    
FirstSlope = (secondvalue - b) / (secondbar - startbar) ;
FirstTrendline = FirstSlope * ( BarIndex() - startbar ) + b;                                                             
// Plot(  IIf(  BarIndex() >= startbar  AND FirstTrendline <= 90 , FirstTrendline, Null ) , "FirstTrendline", colorGreen, styleThick +2048 );        

SecondSlope = (thirdvalue - b) / (thirdbar - startbar) ;
SecondTrendline = SecondSlope * ( BarIndex() - startbar ) + b;                                                              

ThirdSlope = (fourthvalue - b) / (fourthbar - startbar) ;
ThirdTrendline = ThirdSlope * ( BarIndex() - startbar ) + b;  

FourthSlope = (fifthvalue - b) / (fifthbar - startbar) ;
FourthTrendline = FourthSlope * ( BarIndex() - startbar ) + b;  

FifthSlope = (sixthvalue - b) / (sixthbar - startbar) ;
FifthTrendline = FifthSlope * ( BarIndex() - startbar ) + b;  

MainSlope = IIf( FirstSlope > SecondSlope,  IIf( SecondSlope > ThirdSlope,  IIf( ThirdSlope > FourthSlope, 
 IIf( FourthSlope >  FifthSlope,  FifthSlope, FourthSlope),ThirdSlope), SecondSlope), FirstSlope) ;

MainLine = MainSlope * ( BarIndex() - startbar ) + b;    
Plot(  IIf(  BarIndex() >= startbar, MainLine, Null ) , "MainLine", colorDarkGreen, styleThick ) ;   


IND_Diff = IIf(  BarIndex() >= startbar, abs( IND - MainLine), Null) ;
MainTrendLine_Diff = Param("Difference IND from MainTrendLine", 2.5, 0.5,5,  0.5);

Cond_Buy = IIf( BarIndex() >= Thirdbar AND  IND_Diff  <= MainTrendLine_Diff, IND, 0)  AND  MainLine < 55 ;

PlotShapes( IIf( Cond_Buy, shapeUpArrow , shapeNone ), colorGreen );



/////////////////////////////////////////////

// CALCULATE  DOWNTREND

starthigh = LastValue( HHV( IND, TP ) );                                                                         
starthighbar =  LastValue( ValueWhen( IND == starthigh, BarIndex(), 1) );                
HBP = BarCount - starthighbar;                                                                                   

secondhigh =  LastValue( HHV( IND, HBP - 5  ) );                                                    
secondhighbar =  LastValue( ValueWhen( IND == secondhigh, BarIndex(), 1) );      
HBP2 = BarCount - secondhighbar;  

thirdhigh =  LastValue( HHV( IND, HBP2 - 5 ) );                                                    
thirdhighbar =  LastValue( ValueWhen( IND == thirdhigh, BarIndex(), 1) );            
HBP3 = BarCount - thirdhighbar;  

fourthhigh =  LastValue( HHV( IND, HBP3 - 5 ) );                                                         
fourthhighbar =  LastValue( ValueWhen( IND ==fourthhigh, BarIndex(), 1) );           
HBP4 = BarCount - fourthhighbar;  

fifthhigh =  LastValue( HHV( IND, HBP4 - 5 ) );                                                   
fifthhighbar =  LastValue( ValueWhen( IND ==fifthhigh, BarIndex(), 1) );         
HBP5 = BarCount - fifthhighbar;  

sixthhigh =  LastValue( HHV( IND, HBP5 - 5 ) );                                                
sixthhighbar =  LastValue( ValueWhen( IND ==sixthhigh, BarIndex(), 1) );           

High_1= IIf( BarIndex() == starthighbar, 90, Null);
High_2= IIf( BarIndex() == secondhighbar, 90, Null);
High_3= IIf( BarIndex() == thirdhighbar, 90, Null);
High_4= IIf( BarIndex() == fourthhighbar, 90, Null);
High_5= IIf( BarIndex() == fifthhighbar, 90, Null);
High_6= IIf( BarIndex() == sixthhighbar, 90, Null);

MainTrendLine_Diff = Param("Difference IND from MainTrendLine", 2.5, 0.5,7,  0.5);

d = starthigh ;    
FirstDownSlope = (secondhigh - d) / (secondhighbar - starthighbar) ;
FirstDownTrendline = FirstDownSlope * ( BarIndex() - starthighbar ) + d;                                                               

SecondDownSlope = (thirdhigh - d) / (thirdhighbar - starthighbar) ;
SecondDownTrendline = SecondDownSlope * ( BarIndex() -  starthighbar ) + d;                                                          

ThirdDownSlope = (fourthhigh - d) / (fourthhighbar - starthighbar) ;
ThirdDownTrendline = ThirdDownSlope * ( BarIndex() - starthighbar ) + d;  

FourthDownSlope = (fifthhigh - d) / (fifthhighbar - starthighbar) ;
FourthDownTrendline = FourthDownSlope * ( BarIndex() - starthighbar ) + d;  

FifthDownSlope = (sixthhigh - d) / (sixthhighbar - starthighbar) ;
FifthDownTrendline = FifthDownSlope * ( BarIndex() - starthighbar ) + d;  

MainDownSlope = IIf( FirstDownSlope < SecondDownSlope,  IIf( SecondDownSlope < ThirdDownSlope,  
IIf( ThirdDownSlope < FourthDownSlope,  IIf( FourthDownSlope <  FifthDownSlope, FifthDownSlope, FourthDownSlope),ThirdDownSlope), SecondDownSlope), FirstDownSlope) ;

MainDownLine =  IIf( MainDownSlope == 0, Null, MainDownSlope * ( BarIndex() - starthighbar ) + d ) ;    
Plot(  IIf(  BarIndex() >=  starthighbar, MainDownLine, Null ) , "Main_DOWN_Line", colorViolet, styleThick ) ;    

IND_Diff = IIf(  BarIndex() >=  starthighbar, abs( IND - MainDownLine), Null) ;

Cond_Sell = IIf( BarIndex() >= Thirdbar AND  IND_Diff  <= MainTrendLine_Diff, IND, 0)  AND  MainDownLine > 45 ;

PlotShapes( IIf( Cond_Sell, shapeDownArrow , shapeNone ), colorRed );


Title =  Name() + "\\c17" +   "  " +"\\c12" + "RSI" +  " " + per_RSI   ;

Mod edit: Link removed. Please follow the rules.


Re: RSI Indicators for MT4

1227
hyasp wrote: Fri Nov 29, 2019 2:13 pm Dear mrtools,

Could u please make a cci of rsi + atr indi using CCI_nuf_v4 indi display style (showing histo even between overbought/oversold area using different color if possible like second indi)? Thanks.
Think might be it. Added a choice of 7 different rsi's and alerts on histogram color change.
These users thanked the author mrtools for the post (total 6):
rudiarius, Jimmy, hyasp, pipsquirrel, R2D2, Jedidiah


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