This is an upgraded version of the indicator that makes it compatible with the new metatrader 4 too
This indicator the RSIOMA is a very good one ,the only thing missing is the vertical line when the signal line and the rsi nrp line cross each other,could you do something for that please.
Sorry for the late reply, this would be a version with lines at either rsioma slope change or at rsioma crossing signal line.
Thanks MrTools dont worry ,better late then never.
Here is the updated version of this indicator. It contains two improvements
1) Initial smoothing period is separated from RSI period. There is no reason to have RSI period and
initial smoothing period equal.
2) Detrend option has been added. As this indicator is based on oscillator RSI, price can be
detrended before RSI calculation.
Note. When this indicator is applied to the chart and real time ticks are streamed, it seems to give
different results than when applied to the chart and calculated on historical OHLC data only.
It happens only when detrend option is active.
See screenshoot. Middle window real time output, the most bottom window historical data output.
Krzysztof, thanks for your improvements but in the future to ease some possible confusion can you name it differently.
OK no problem. In case of posting some indi I will call it different. Anyway, I tried original version
(so detrend = false) combined with DZ probability bands and it also displays very different when
it is attached to EA and gets streaming ticks or when it is recalculated offline. See screenshoot,
DZ probability bands are completelly on different level even setting are the same. Middle window
tick drawing, bottom window offline drawing. Can someone explain this miracle ??
Of DZ levels : different values that are used to calculate the levels (I am assuming that you used some of the values displayed at the chart as a source for dz levels calculations)
No. In bot cases DZ.... are set to 0.25. Lookback also the same.
extern int DzLookBackBars = 1440;
extern double DzStartBuyProbability = 0.25;
extern double DzStartSellProbability = 0.25;
evaluation is done on 5 trading days so 5x1440 bars, screenshoot done at the end so bands should be the same.