CodeBaseSections
Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Indicators

RSI Peak & Bottom - indicator for MetaTrader 4

Ahmad Yahya
Views:
30390
Rating:
(2)
Published:
2010.07.12 09:04
Updated:
2016.11.22 07:32
Download as ZIP, How to download code from MetaEditor
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Author:

HajarWae

The peak/bottom could show the top level of RSI. When rsi passed the top/bottom value it indicated a buy/sel signal.

It can show the signal earlier but still need some filter, so this methode could be combined with others indicator as a filters.

Red arrow is peak and Yellow arrow is bottom.

I want to plot/draw rsi level based on peak/bottom possition. but i have a problem about the code to modify this indicator. need help to make it perfect.

I want to plot all of the peak/bottom towards then we will get any level at the peak/bottom. and when rsi cross the peak/bottom line, the level will be terminated 1 candle after crossing.

the calculating & plotting of others level will be continued until rsi cossing the level again.

can any body help???

please share....


Recommendations:

  • Use This RSI levels as a Signal
  • Combine with others indicators as a filter
Daily Opening EA (needs improvement ideas!) Daily Opening EA (needs improvement ideas!)

A slightly different EA based off daily opening breaks.

USD Strength Effect Indicator USD Strength Effect Indicator

This indicator uses the position and direction of 7 pairs to gauge the overall effect that (by default) the USD currency may have on the pair that you are trading. Base currency can be changed.

Indicator Pivot Multi Time Indicator Pivot Multi Time

Indicator that shows two resistance levels, 2 levels of support and pivot, they calculated the traditional way.

Average Change V 0 Average Change V 0

This is the basic version of the Average Change indicator