Self-adjusting RSI - Help

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formor
21
formor  

Hi Programmers!

Anybody can help me convert this indicator to MT4? . Thanks very very much!

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1. Navigator Window>Tools>Indicator Builder>[New] button

2. In the Indicator Bookmark, type the following text for each field:

Name: Self-Adjusting Relative Strength Index

Short Name: vt_RsiSa

Label Mask: Self-Adjusting Relative Strength Index (%price%, %periods%, %k%)

Placement: New Frame

Inspect Alias: Self-Adjusting RSI

3. In the Input Bookmark, create the following variables:

[New] button... Name: Price , Display Name: Price , Type: price , Default: Close

[New] button... Name: Periods , Display Name: Periods , Type: integer , Default: 14

[New] button... Name: k , Display Name: Standard Deviation of RSI , Type: float , Default: 1.8000

4. In the Output Bookmark, create the following variables:

[New] button...

Var Name: _RSI

Name: _RSI

Line Color: dark green

Line Width: slightly thicker

Line Type: solid line

[New] button...

Var Name: OB

Name: OverBought Level

Line Color: light blue

Line Width: slightly thicker

Line Type: solid line

[New] button...

Var Name: OS

Name: OverSold Level

Line Color: light blue

Line Width: slightly thicker

Line Type: solid line

5. In the Horizontal Line Bookmark, create the following lines:

[New] button...

Value: +70.000

Color: red

Width: thin line

Type: dashed line

[New] button...

Value: +50.000

Color: grey

Width: thin line

Type: dashed line

[New] button...

Value: +30.000

Color: red

Width: thin line

Type: dashed line

6. In the Formula Bookmark, copy and paste the following formula:

{Provided By: Visual Trading Systems, LLC © Copyright 2006}

{Description: Self-Adjusting Relative Strength Index by David Sepiashvili}

{Notes: February 2006 Issue – Flexible Relativity – The Self-Adjusting RSI}

{SA-RSI Version 1.0}

rsi_r:= (price - ref(price,-1));

rsi_rs:= Wilders(if(rsi_r>0,rsi_r,0),periods) / Wilders(if(rsi_r<0,Abs(rsi_r),0),periods);

_RSI:= 100-(100/(1+rsi_rs));

OB:= 50 + k * stdev(_RSI,periods);

OS:= 50 - k * stdev(_RSI,periods);

6. Click the “Save” icon to finish building the Self-Adjusting RSI indicator.

Igor Durkin
7544
Igor Durkin  

Hi,

I've developed SelfAjustRSI with following inputs:

Price = 0; 0-Close; 1-Open; 2-High; 3-Low; 4-Median; 5-Typical; 6-Weighted

RSIPeriod=14; Period of RSI

K = 1; Deviation ratio

Mode = 0; RSI mode : 0 - typical(smoothed by SMMA); 1- clssic (smoothed by SMA)

Igor

Files:
Hercs
2957
Hercs  
formor
21
formor  

Excellent Igorad, Thank u very much

raff1410
318
raff1410  
Files:
1_2.gif 23 kb
2_1.gif 24 kb
formor
21
formor  

Hi,

u can use some filters, i.e. overlayed SMA and/or LSMA.

Files:
sarsi.gif 28 kb
banzai
298
banzai  

Where did you get the 25 LSMA indicator?

pedestrian
71
pedestrian  
formor:
Hi, u can use some filters, i.e. overlayed SMA and/or LSMA.

RSI itself has some internal problem, even the creator himself can not solve.

As least, 70-30 should not be fixed at any time to represent oversold and overbought !

If this oversold and overbought can be adjusted automatically, it will be much better !

Carlo

Yves
543
Yves  

Just check DynamicZoneRSI Indicator.

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