I just like these levels, try it, maybe you will like them too.
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.
man thx for posting u setup teamtraders.................. really good this rsi & chart colors
Try it out.Jimmy wrote: ↑Mon Oct 12, 2020 10:01 pmThis 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
You've done it
wonderful wonderful wonderful work mrtoolz...........mrtools wrote: ↑Wed Oct 14, 2020 3:08 amTry it out.
PS: If you would like to download a template with the indicator set up with Classic Divergences, see here: RSI MA 6 Lines Divergence indicator settings template for MT4.
Hahaha you and your pics. Nice
Don't know how it works but this is the result from today at my first chance to look at it.Jimmy wrote: ↑Wed Oct 14, 2020 8:05 pmYou've done it
This is a special indicator, indeed and the best part is that it filters those Divergence signals so well. For me, this is the Best RSI Divergence indicator on MT4 now.
Divergences are only visible on this indicator if:
- If RSI MA is outside 80 Overbought, Bearish Divergence signal will appear (to forecast a reversal to the downside)
- If RSI MA is outside 20 Oversold, Bullish Divergence signal will appear (to forecast a reversal to the upside)
Thank you Mrtools for taking time to upgrade & optimize this indicator for us & thanks to TEAMTRADER for the great suggestion and for sharing his settings in the previous posts.
PS: For traders looking for a template to get you started, here's what we've posted today: