Do any of you kind folks know the basic formula to create something close to the RSIoma with default period settings(14)?
Here is how it can be done in tradestation (that allows direct functions usage in parameters)
The result is rsioma (rsi of moving average)
I thought it is much more complicated
Sometimes simple things work the best
The idea of RSIOMA is a simple one. Filtering prices with some good (low lag) filter seems to be working on almost all indicators - removing the noise from price before using price for calculation always is a good idea
the OnChart RSI cant be used, because there are errors if you compile it.
Please can you change it correctly.
You have to use this one : https://www.mql5.com/en/forum/178733/page50
Great, Thank you.
This is a upgraded version of rsioma, code is somewhat smaller and made it more user friendly.
Here is RSIOMA that is by some Serbian guy with a lot of c's and z's in his name which i cannot remember. This RSIOMA is famous for its use with the Alien Extraterrestrial System on forex factory. You use it as a slingshot with the DSS (Drake Delay Stochastic) shown on chart (purple line). Cheers