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Re: RSI Indicators for MT4

#2001
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):
Unbenannt.PNG


After chart refresh (everything looks normal):
Unbenannt3.PNG

Here are my settings:
2x ma rsi filtered.set
(815 Bytes) Downloaded 72 times


Re: RSI Indicators for MT4

#2003
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....
2022-07-25_233738.png

Re: RSI Indicators for MT4

#2005
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.
! Rsx of alb average.mq4
(20.21 KiB) Downloaded 271 times
EURJPYM15.png


LikeRe: RSI Indicators for MT4

#2006
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! :)
RSX (Jurik RSI) of Adaptive Lookback indicator MT4.png
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Re: RSI Indicators for MT4

#2007
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 :)
“Self-realization is the ability to achieve freedom from ordinary daily demands and to know that true happiness
comes from fulfilling our own potential and from lifting those around us without the thought of self-gain.”

Re: RSI Indicators for MT4

#2008
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!


US30M61.png

Re: RSI Indicators for MT4

#2009
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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