Thanks to Kvak who shared the source, was able to add the averages, also did another version with the standard type of histogram.

A huge thank you to you Mr Tools, AND Kvak, unbelievable!!

Dnsxx wrote: ↑

Mon Jun 06, 2022 9:35 am

hello sir can you add an Alert , when rsi enters the band, like in the screenshot
thx

Ended up completely redoing it, added the averages, prices, different deviation types , and the rsi entering the band ( outer band zone exit).

mrtools wrote: ↑

Tue Jun 07, 2022 5:03 am

Ended up completely redoing it, added the averages, prices, different deviation types , and the rsi entering the band ( outer band zone exit).

I appreciate for your help. Thanks!

RVI Generic indicator for MT4

This is Mladen's Rvi generic updated for the new mt4.

Mladen's explanation::

I would just like to explain why "generic" in name : I did not use the "default" indicator that is provided by metatrader but am using a version that allows different period of values and signals smoothing. Smoothing used both for values and signal is the triangular moving average (the "regular" triangular moving average not the centered one, so there is no recalculation whatsoever) and is set by default to be the same as the built in indicator but also allows you to experiment with different smoothing lengths.

mrtools wrote: ↑

Wed Jun 08, 2022 6:19 am

This is Mladen's Rvi generic updated for the new mt4.

Thank you for updating and posting it Mrtools! Going to load it up now

mrtools wrote: ↑

Tue Jun 07, 2022 5:03 am

Ended up completely redoing it, added the averages, prices, different deviation types , and the rsi entering the band ( outer band zone exit).

Dear mrtools
I think there some problem when the vertical line option is TTRUE, the indicator will be disappear
Please take alook
Thanks

talaate wrote: ↑

Thu Jun 09, 2022 6:07 am

Dear mrtools
I think there some problem when the vertical line option is TTRUE, the indicator will be disappear
Please take alook
Thanks

Thanks, you are right should be better in this version.

mrtools wrote: ↑

Thu Jun 09, 2022 6:26 am

Thanks, you are right should be better in this version.

Thanks mrtools
I would appericate if you may, If possible, make the reenter vetical lines have different ID and Style and width and keep the same color,

talaate wrote: ↑

Thu Jun 09, 2022 6:37 am

Thanks mrtools
I would appericate if you may, If possible, make the reenter vetical lines have different ID and Style and width and keep the same color,

There are no reenter lines, the lines were originally made for entering the upper/lower zones.