Re: Step Indicators for MT4
451This is a step ocn nma using Mladen's one more average instead of tema.
Strong code Mrtools, this is an even better Step RSI with the low lag EMA smoothingmrtools wrote: Wed Jul 14, 2021 8:43 am Another step rsi using a low lag ema smoothing, code has been optimized somewhat. Also has 7 rsi types Cuttler's rsi,Ehler's smoothed rsi, Harris rsi,Rapid rsi, regular Rsi, Rsx and slow rsi.
RSI is rare, without MTF blessing, there is also a better signal technology. Expect the teacher to add an alert to this indicator.
Which timeframe MTF would you use if Mrtools added it? 4H MTF on 1H chart?太虚一毫 wrote: Thu Jul 15, 2021 5:12 pm RSI is rare, without MTF blessing, there is also a better signal technology. Expect the teacher to add an alert to this indicator.
I follow mladen and do intraday trading. Focus on M5 and trade according to the signals of M5 and M15. The signals above the 15-minute chart are basically ignored. If you are entangled with the chart signals for more than 15 minutes, you will inevitably be affected by emotions when placing orders in the small-level chart-you may not dare to place orders. So, simply don't look at the chart signals over 15 minutes.Jimmy wrote: Thu Jul 15, 2021 5:17 pm Which timeframe MTF would you use if Mrtools added it? 4H MTF on 1H chart?
good explanation........... 5min chart using 15m mtf will work if bagging 10-30 pips太虚一毫 wrote: Thu Jul 15, 2021 5:31 pm I follow mladen and do intraday trading. Focus on M5 and trade according to the signals of M5 and M15. The signals above the 15-minute chart are basically ignored.
Really good explanation, I like your approach bro.太虚一毫 wrote: Thu Jul 15, 2021 5:31 pm I follow mladen and do intraday trading. Focus on M5 and trade according to the signals of M5 and M15. The signals above the 15-minute chart are basically ignored. If you are entangled with the chart signals for more than 15 minutes, you will inevitably be affected by emotions when placing orders in the small-level chart-you may not dare to place orders. So, simply don't look at the chart signals over 15 minutes.
Mainly analyze the 5-minute signal of RSI, and analyze the 15-minute signal of other indicators.moey_dw wrote: Thu Jul 15, 2021 7:15 pm good explanation........... 5min chart using 15m mtf will work if bagging 10-30 pips
15m timeframe ur favorite for analysis??
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