Re: RSI Indicators for MT4

1412
As Rsi indicators go I feel that this is both the best and the easiest to follow with the inclusion of 'S&R' levels.
Obviously my own settings as the original posted has different settings BUT if you include the colour levels as I have shown on the illustration it will help enormously.

My colours are as follows:-

  • White 115 to 76 (Target/exit area)
  • White 24 to -15 (Target/exit area)
  • Lime 76 - 54 Up area
  • Hot Pink 46 - 24 Down area
  • Yellow 54 to 46 (sideways area)

TEAMTRADER

PS
In addition to the various levels these give a far more accurate sight of DIVERGENCE.
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Re: RSI Indicators for MT4

1414
pipsquirrel wrote: Mon Oct 12, 2020 5:37 am
once again thanks to mrtools for such a kind favor
I was trying compete wFish poorly but his display is far better than mine,may be wFish able to provide template or used parameters

;)
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Re: RSI Indicators for MT4

1416
vvFish wrote: Mon Oct 12, 2020 4:13 pm
;)
Sweet! Thanks Fishy, great template.
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Re: RSI Indicators for MT4

1419
TEAMTRADER wrote: Wed Sep 04, 2019 4:25 am Mr Tools,
Could an on screen divergence signal/arrow be added to this indicator? ONLY when the levels of 20 and 80 have been reached. This is important as these reflect the bigger moves.
Thanks
TEAMTRADER

Image
This is a really cool idea, I was searching through the forum for this indicator with Divergences but it seems we are not equipped with one yet. Hoping Mrtools will be able to upgrade this for us.

PS: For Mrtools, here's the indicator that TEAMTRADER posted :)
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Are you looking for a Forex broker? FBS cuts spreads by up to 58%. Click here to begin your trading journey, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
Use Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions
An easy trick for drawing Support & Resistance

Re: RSI Indicators for MT4

1420
TEAMTRADER wrote: Mon Oct 12, 2020 5:12 am My colours are as follows:-

  • White 115 to 76 (Target/exit area)
  • White 24 to -15 (Target/exit area)
  • Lime 76 - 54 Up area
  • Hot Pink 46 - 24 Down area
  • Yellow 54 to 46 (sideways area)
man thx for posting u setup teamtraders.................. really good this rsi & chart colors :hug: :hug: :hug:
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