RSI of Moving Average

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Kale
1411
Kale  

Hello Traders!

I want to introduce my new Friday invention!

It is RSI of Moving Average. I thought that this can be a very nice trend identifier. But test it for your self. I hope it will be helpfull.

Files:
rsioma.gif 45 kb
rsioma.mq4 5 kb
drg00dvibe
590
drg00dvibe  

Very interesing and thanks for sharing Kalenzo, I will take a look..

bluto
1142
bluto  

Very nice work, Kalenzo!

paul78
32
paul78  

Great work kalenzo :-)

Kale
1411
Kale  

Great! I'm glad you all like it, let's tweak the best setup for this indciator, maybe a coleration of a few setups?

ssotiro
204
ssotiro  

Nice work Kalenzo (that's not a surprise though).

Thanks for sharing.

One question only (probably obvious).

Is the buy signal the 80 line crossing and the sell, the 20 line crossing?

Kale
1411
Kale  
ssotiro:
Nice work Kalenzo (that's not a surprise though).

Thanks for sharing.

One question only (probably obvious).

Is the buy signal the 80 line crossing and the sell, the 20 line crossing?

Yes, those are the levels marked by magenta and dodger blue color on histogram.

Chrisstoff
524
Chrisstoff  

Really nice work, Kalenzo!

I am just looking for a good trend indicator, so I do appreciate you sharing it with Forex-TSD community

Regards,

Chrisstoff

Tragapips
105
Tragapips  

Thanks Kalenzo

What does it mean "main trend long= 50" and the same for short??

Kale
1411
Kale  
Tragapips:
Thanks Kalenzo What does it mean "main trend long= 50" and the same for short??

You see that histogram in the bottom of the indicator?

There are red and green bars, those bar indicates main trend. The main trend is defined by rsioma position according to buy/sell level. If both are set to 50 then if rsioma is > 50 the bars will be green, otherwise they will be red. But you can specify the levels for each long and short trend, eg. when rsioma will pass 70 level draw green bars and when rsioma will be lower than 30 draw red.

prasxz
1259
prasxz  

hi

Kalenzo:
Hello Traders!

I want to introduce my new Friday invention!

It is RSI of Moving Average. I thought that this can be a very nice trend identifier. But test it for your self. I hope it will be helpfull.

Great Thanks for share..

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Forex Indicators Collection