# Elite indicators :) - page 475

2970
Hercs

ValeoFX

here is the RSI divergence. I did not use the "normal RSI" since it has a flaw in calculating (it can not calculate period 1, not a big deal, but some other things (the ease of use for example) in calculating make me avoid the "normal" RSI) As far as values are concerned, for periods > 1 they are exactly the same even though the calculation differs

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Thanking you most sincerely for this favour - always much appreciated.

Success for the week ahead.

231

The indicator Cronex Taichi I found at this thread looks amazing. Does it repaint ?

Thanks,

pooh

Files:
151208

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pooh

No repainting

pooh123:

The indicator Cronex Taichi I found at this thread looks amazing. Does it repaint ?

Thanks,

pooh
16

Can you prepare for us linregslope and r2 as swami oscilators?

Regards

Here you go

Some changes done : now you can chose if you want the swami chart displayed or not. If it is displayed then it will create those objects and then you are rather limited to how many symbols you can show on a chart. In that case you have a chart like this for example (two different symbols in this example)

But if you turn the swami chart off, it becomes a simple one drawing buffer indicator and more or less you are limited as with any other simple indicator. In that case the chart could look like this

PS; some cosmetic changes too done (as it is visible )

regards

151208

Swami r-squared ...

CromCruach

This is a swami r-squared indicator (it is suitable for swami charts since it is a bounded indicator and that makes it a good choice for making a swami chart of it) Linear regression slope is un-bound and it would need to be bounded first (for example in a kind of a normalization) and only then it could be used in swami chart, or it could be made a 2 color swami (one for slope up and the other for slope down) but I don't think that the 2 color one would be appealing

PS: for all less familiar with r-squared, I would like to remind that r-squared is not a "directional" indicator. Shortest definition of it would be "Statistical measure of how well a regression line approximates real data points; an r-squared of 1.0 (100%) indicates a perfect fit"

CromCruach:

Can you prepare for us linregslope and r2 as swami oscilators?

Regards
Files:
151208

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ValeoFX

we know each other for a long time, so I hope you won't mind the question regarding the "rsi dots" indicator : how do you trade that?

ValeoFX:

Please would you be so kind as to making me a "divergence" indicator of the normal RSIfound in MT4 (attached)

Also, could you add arrows upon crossing the 50%-line on this "Dotted-RSI" of mine, plse?

Thanking you in advance.
Files:
rsi_dots.gif 26 kb
153

Ehlers Fisher transform smoothed

derfel

Here you go

Smoothing added . If you wish to turn the smoothing off, set it to equal or less than 1

Just got back from unexpected holidays and would like to say thank you. The alert-question is not vital. That's ok as it is now.

thanks

derfel

531

MAs crossing

I am trying to recreate the Keltner channel arrows with this MA and failing miserably. Can you help me out. The functionality is located at line 99 to 122. The fatal attemp is below it. You can see some of the failures on the chart.

Thank you

Ray

Files:
151208

Ray

I found this comment in the code :

I'm trying to get a trend 1 when the EMB1 crosses over the EMB2 && the candle fits in between the two

By candle do you mean the body or the candle or the wick (high-low)?

Also, you do know that if you use negative shift it will have to draw arrows backwards (in the past, closed candles)?

I am trying to recreate the Keltner channel arrows with this MA and failing miserably. Can you help me out. The functionality is located at line 99 to 122. The fatal attemp is below it. You can see some of the failures on the chart.

Thank you

Ray
16

Thank You Mladen for swami-R2.

I know what is the LinearRegSlope and i'm using it in amibroker as pure formula (unbounded) with the second way (separate green and red color).

I've tried a few ways of normalization (as RSI-like, Stochastic-like, normalized as arcustangens of LinRegSlope and than divided by Pi/2, fisherized, IFT and others) but pure indicator with "two-colors way" was the best choice, so could you please make this indicator as swami with this kind of "normalization" (i mean "two-colors" "normalization").

Regards

CromCruach

Ps. can you add a critical levels for swamiR2 (for example for 95% confidence R2 critical value is 0,77 for 5 periods, 0,40 for 10 pds, 0,27 for 14 pds ... and..... you know what i mean...)