Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

Relative price channel - indicator for MetaTrader 5

Mladen Rakic

Views:
626
Rating:
votes: 9
Published:
2018.10.03 13:31
Updated:
2018.10.03 13:33

Basics :

RSI indicator is frequently used in trading decisions coupled with levels checking. Levels are supposed to show if there is overbought or oversold condition. But frequently we are neglecting the fact that the market is adjusting itself to price changes, and that indicators like RSI may actually show overbought and oversold conditions even when the market already adjusted itself

This version :

It is using the RSI and is constructing an high and low neutral zones using a simple ema lag - in this case the lag of an average is our ally - without adding that lag, the breakout will never happen. When the rsi crosses the top most or lowest bound, only then consider that a "real" overbought or oversold condition is happening

Usage :

You can use it for possible reversal conditions detecting


Wilson Relative Price Channel - mod Wilson Relative Price Channel - mod

Wilson Relative Price Channel - modification

Laguerre RSI - no gamma Laguerre RSI - no gamma

Laguerre RSI - without using the gamma parameter

DSL QQE histo DSL QQE histo

Discontinued signal line QQE - histogram

ATR adaptive Laguerre filter ATR adaptive Laguerre filter

ATR adaptive Laguerre filter