RVI + Bollinger Bands
(on/off button)

from investopia:

The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis that measures the strength of a trend by comparing a security's closing price to its trading range while smoothing the results using a simple moving average (SMA).

The RVI's usefulness is based on the observed tendency for prices to close higher than they open during uptrends, and to close lower than they open in downtrends.

The Relative Vigor Index (RVI) is a technical momentum indicator.
The RVI oscillates across a pre-determined center line rather than a banded trend.
Divergences between the RVI indicator and price suggest there will be a near-term change in the trend.

Watchout for divergences.

mntiwana wrote: Mon Apr 17, 2017 5:09 pm Recursive smoothed stochastic mtf
MLADENS fantastic Recursive smoothed stochastic version mtf by knaimad
all latest 22 prices,depth feature,smoothing,usual 4 averaging methods,floating levels,slope coloring change on slope,middle line cross or outer level cross,alerts and mtf strip in sw.

Recursive smoothed is fun.
The Recursive smoothed stochastic is especially good!

Mladen Rakic says:
The name might be a bit misleading: it is not exactly the same in its calculation as the "double smoothed stochastic" (dss actually has 3 smoothing steps, this one really has 2 smoothing steps — so we might say that this is really double smoothed stochastic), and it adds what the original does not have. It can use prices for start and then each and every next step is using previous step result. The "depth" is limited to 15 simply for practical reasons.

Is it possible to use the Recursive smoothed technique for indicators such as RSI, CCI, WPR, etc.?

太虚一毫 wrote: Wed Jun 15, 2022 3:15 pm Recursive smoothed is fun.
The Recursive smoothed stochastic is especially good!

Mladen Rakic says:
The name might be a bit misleading: it is not exactly the same in its calculation as the "double smoothed stochastic" (dss actually has 3 smoothing steps, this one really has 2 smoothing steps — so we might say that this is really double smoothed stochastic), and it adds what the original does not have. It can use prices for start and then each and every next step is using previous step result. The "depth" is limited to 15 simply for practical reasons.

Is it possible to use the Recursive smoothed technique for indicators such as RSI, CCI, WPR, etc.?

This is the mt5 version from Mladen.

mrtools wrote: Wed Jun 15, 2022 7:22 am Try now.

Thank you

mrtools wrote: Tue Jan 02, 2018 3:45 am Check this version.

Good day Mrtools! can you add a value label to this indi please?

P.S. i would like to know if it is possible

mntiwana wrote: Sat Dec 30, 2017 4:19 am OnChart Stochastic 3 nmc
An very pretty on chart stoch version by Mladen - included stoch usual prameters,MA period/value,usual MA methods,usual MA prices,overbought/over sold levels,two way coloring,on signal cross and or on slope change - mtf

Good day Mrtools! Can you add a value label to this indicator please? Thank you..

P.S. i previously quoted another version of this indicator but it lags and this one lags less if it is possible it'd be better applied to this one

Lightningstorm7 wrote: Thu Jun 16, 2022 1:47 am Good day Mrtools! Can you add a value label to this indicator please? Thank you..

P.S. i previously quoted another version of this indicator but it lags and this one lags less if it is possible it'd be better applied to this one

What is value label?

mrtools wrote: Thu Jun 16, 2022 1:51 am What is value label?

this... sorry if my jargon is incorrect..

Lightningstorm7 wrote: Thu Jun 16, 2022 1:55 am this... sorry if my jargon is incorrect..

No problem really not sure what is correct, I call them price labels and not sure if that is correct. Anyway added them but since the stoch and it's signal are so close the labels interfere with each other commented it out in the code.

太虚一毫 wrote: Wed Jun 15, 2022 3:15 pm Recursive smoothed is fun.
The Recursive smoothed stochastic is especially good!

Mladen Rakic says:
The name might be a bit misleading: it is not exactly the same in its calculation as the "double smoothed stochastic" (dss actually has 3 smoothing steps, this one really has 2 smoothing steps — so we might say that this is really double smoothed stochastic), and it adds what the original does not have. It can use prices for start and then each and every next step is using previous step result. The "depth" is limited to 15 simply for practical reasons.

Is it possible to use the Recursive smoothed technique for indicators such as RSI, CCI, WPR, etc.?

A newer version posted here Cci indicators