Re: RSI Indicators for MT4

1991
kvak wrote: Sat Jul 23, 2022 9:46 am Hello, I have this....maybe you find it useful.
Simply cross of 2 averages and filtered with RSI.
Lot of options....MTF, alerts, arrows...
@kvak
Great Indi, thank you !
I've noticed some strange arrow placements and the neutral color changes a little late. Can you look into it?

Before chart refresh ( blue arrows and neutral color are strange):

After chart refresh (everything looks normal):
Here are my settings:


Re: RSI Indicators for MT4

1993
unimatrix wrote: Tue Jul 26, 2022 1:17 am @kvak
Great Indi, thank you !
I've noticed some strange arrow placements and the neutral color changes a little late. Can you look into it?
Yes, you're right, thanks for watching ... I found the bug....It's weird how one "!" changes the whole logic :)
Sorry for that....
Redownload indicator in original post....
Attachments

Re: RSI Indicators for MT4

1995
Relative Strength Quality Index

From Mladen Rakic:

RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation

Of price filtering for rsx :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too

ALB averages that can be used :

  • simple moving average
  • exponential moving average
  • smoothed moving average
  • linear weighted moving average

Usage :

Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals

I just translated to mt4, hopefully close to his version.


LikeRe: RSI Indicators for MT4

1996
mrtools wrote: Sat Jul 30, 2022 12:10 pm RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation
Mrtools, thank you for translating this useful standalone indicator for us (and thank you to Mladen for this code).

Being an RSX, it's really nice to see Jurik already incorporated into this one. And from observations, this one is used for trends when the indicator sits at:

  • Strong bullish market: 100
  • Strong bearish market: 0

I think this one has potential! :)
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Re: RSI Indicators for MT4

1997
Jimmy wrote: Sun Jul 31, 2022 9:07 pm Mrtools, thank you for translating this useful standalone indicator for us (and thank you to Mladen for this code).

I think this one has potential! :)
Absolutely! I will be testing it with XU-Hybrid 4.0 this week :)
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Re: RSI Indicators for MT4

1998
mrtools wrote: Sat Jul 30, 2022 12:10 pm Relative Strength Quality Index

From Mladen Rakic:

RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation

Of price filtering for rsx :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too

ALB averages that can be used :

  • simple moving average
  • exponential moving average
  • smoothed moving average
  • linear weighted moving average

Usage :

Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals

I just translated to mt4, hopefully close to his version.

Love it!
This one is a must have!


These users thanked the author FXSurf for the post (total 6):
Mickey Abi, Jimmy, BeatlemaniaSA, TransparentTrader, RodrigoRT7, Chickenspicy

Re: RSI Indicators for MT4

1999
mrtools wrote: Sat Jul 30, 2022 12:10 pm Relative Strength Quality Index

From Mladen Rakic:

RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation

Of price filtering for rsx :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the RSX calculation too. Also, since the average is adaptive it implicitly makes the RSX adaptive too

ALB averages that can be used :

  • simple moving average
  • exponential moving average
  • smoothed moving average
  • linear weighted moving average

Usage :

Some experimenting with parameters is advised, but the usage of this RSX is the usual : either use the slope or some significant levels crossing for signals

I just translated to mt4, hopefully close to his version.
Image
Hi Mr Tools,
This certainly looks promising - any chance you could make it MTF please?
Cheers,
Jim


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