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Re: Adaptive Indicators for MT4

#291 by mrtools
Mula wrote: ↑
Fri May 15, 2020 6:39 am
mrtools wrote: ↑
Thu Sep 20, 2018 6:24 am
 Mladen's Rsx of alb averages converted it to mt4.

About the indicator from Mladen::

RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation

Of price filtering for rsx :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too

ALB averages that can be used :

simple moving average
exponential moving average
smoothed moving average
linear weighted moving average
triple exponential moving average
smoothed linear weighted moving average
nonlag moving average
linear regression value (lsma)
double smoothed exponential average
Usage :

Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals
Hi Mr Tools, do you by any chance have this exact indicator with mobile/email alerts?
Could you post the indicator or the link please?

Re: Ipolcycle

#292 by Daim2574
Jimmy wrote: ↑
Thu Jan 23, 2020 3:30 pm
 This is one that's missing but was described in great detail by Mladen. The Ipolcycle for MT4.
Dear Jimmy,

I came across this post but got confused of how the indicator is lagging behind he price which makes it perfectly fitting the price moves (especially when the red line crosses the zero line)...How would you trade this indicator since it doesn't draw under the current price and always lags it?...thanks for the help in advance :thumbup:


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