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Views:: 7487
Rating:: (26)
Published:: 2016.12.21 08:16

Corr_RSI.mq5 (34.66 KB) view

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This is the "corrected" version of RSI. It can calculate the usual 7 types of RSI :

Cuttler's RSI
Ehlers' smoothed RSI
Harris' RSI
Rapid RSI
RSI
RSX
Slow RSI

You can turn the "correcting" on or off (using the "correction" period). Also, 4 types of color/trend/state changes are available. It is similar to step rsi but it should not be mixed with it. They are completely different indicators. A usual, you can turn the "correction" on and off and you can chose the criteria for "trend" or over bought / over sold finding out based on:

on slope change
on outer levels cross
on middle level ("fake zero line") cross
or on original rsi value cross (in which case rsi is used as a sort of a signal line)

The usual parameters experimenting is advised. The above example on a larger scale:

Corr average

Average using dr. Andreas Uhl's "correction method.

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