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Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
votes: 23
2021.11.04 14:54
MyRsi.mq4 (4.85 KB) view

This is a metatrader 4 version of the metatrader 5 version already posted here : MyRsi

John Ehlers introduced a variation of rsi calculation (as a part of another indicator) that he decided to call MyRSi. Since it produces results different then the built in rsi, it seemed as logical step that we should have that indicator too. Kept the name, but again : that name is used by John Ehlers (not me)

Compared to built in rsi, there are some significant differences :

  • it is ranging from -1 to 1 (hence zero cross can be used as a sort of signal)
  • values are apart from different ranges) different than built in rsi and the signals (if we take level 50 as signals for built in rsi) are different

  • use it as any other rsi

Market and symbol Information for MT4 Market and symbol Information for MT4

A script that displays MarketInfo and SymbolInfo data through a button list built from MarketWatch.

RSI histogram bars RSI histogram bars

Two RSI indicator periods smoothed and displayed as histogram.

MyRsi with NET MyRsi with NET

MyRsi with Noise Elimination Technology - by John Ehlers : metatrader 4 version

Correlation Calculator Panel Correlation Calculator Panel