# Elite indicators :) - page 335

151506

hazelj80

The red signal line is quite simple : it is set to 100 if the basic indicator value (the green line) is >= 0 and it is set to -100 when the indicator value is < 0. It is not calculated but simply set to constant values. So none of the 2 values of the indicator are not repainting

regards

hazelj80:
just to make sure, we are both talking about tthe red sginal rline, correct?
151506

"Normalizing the normalized ... "

________________________

Some indicators are working equal for all calculation lengths some are not. One example that is not is RSI. Even though it is taken for granted that it oscillates in 0-100 range (so it is normalized already) and regardless of it's obvious usefulness, every serious study stresses not to use lengths > 10 for RSI. The "RSI problem" is simple : the longer the calculating period, the flatter the RSI becomes. Here is an example of a 50 period RSI :
As it is obvious, it is hardly usable for anything in the original for such a long calculating periods. There were quite a few attempts to change that : smoothed RSI (that partially avoids that trap, but it quickly looses the advantage over standard RSI) inverse fisher transform of RSI (which also is flattened after some time - here is a comparison of rsi 50 and inverse fisher transform of 50 rsi)
Or we can do like this (take a look at the the lower of course, not the upper ) :
It seems to be OK. Important points are preserved, it is showing "trends" without to much equivocation and seems to preserve the thing we find important in RSI. For the end, here is the comparison of the 3 for calculating length 100
So, let see ...

________________________

A pleasant weekend to all

Files:
rsi_1.gif 26 kb
rsi_2.gif 25 kb
rsi_3.gif 26 kb
rsi_4.gif 25 kb
531

semi auto Trend lines

I've been working on TradeStation with the semi auto trend lines,

See my MT4 Chart. Can we get something like the TS or am I dreaming??

Thanks for all your help! Have a great weekend!!

Ray

Files:
67

normalized RSI

This indicator seems good.

https://c.mql5.com/forextsd/forum/85/normalized_rsi.mq4

Can You make multicolor version with alarm on cross: levelup and leveldown level?

Thanks

bbjurek

339

"Normalizing the normalized ... "

________________________

Some indicators are working equal for all calculation lengths some are not. One example that is not is RSI. Even though it is taken for granted that it oscillates in 0-100 range (so it is normalized already) and regardless of it's obvious usefulness, every serious study stresses not to use lengths > 10 for RSI. The "RSI problem" is simple : the longer the calculating period, the flatter the RSI becomes. Here is an example of a 50 period RSI :
As it is obvious, it is hardly usable for anything in the original for for such a long calculating periods. There were quite a few attempts to change that : smoothed RSI (that partially avoids that trap, but it quickly looses the advantage over standard RSI) inverse fisher transform of RSI (which also is flattened after some time - here is a comparison of rsi 50 and inverse fisher transform of 50 rsi)
Or we can do like this (take a look at the the lower of course, but the upper ) :
It seems to be OK. Important points are preserved, it is showing "trends" without to much equivocation and seems to preserve the thing we find important in RSI. For the end, here is the comparison of the 3 for calculating length 100
So, let see ...

________________________

A pleasant weekend to all

An intelligent work Mladen , thank you have a nice weekend.

151506

bbjurek

Here you go

Added multi color, multi time frame and alerts. Levels are adjustable (colors and alerts are using the levels you choose) The same 50 period normalized RSI how it looks in this version. Alerts can be set to alert on levels break as well as retracing from over bought (upper zone) or over sold (lower zone, so, it is more or less, completely controllable as far as alerts are concerned)
regards

bbjurek:

This indicator seems good.

Forex-TSD

Can You make multicolor version with alarm on cross: levelup and leveldown level?

Thanks

bbjurek

updated version posted here: https://www.mql5.com/en/forum/general

Files:
67

Thank You

50

particle filter

Hello everyone,

Is there an indi about particle filter? Has anybody ever dealed with it here?

Particle filter - Wikipedia, the free encyclopedia

106

Attached is this MTF rsi indicator. where you can overlay 3 timeframes. I was wondering if you could create something identical to this indicator with 3x overlay RSI but also option for Interpolate please. Sorry I don't have Mq4 version however it's attached.

Regards

Jorgka

Files:
34

Thanks

Thanks to everyone involved in this work in this forum in the past

Files: