Can you add MTF on that indicator...but i want i can set independently..which i can use MTF for Bollinger or just use RSI or both; eg use RSI for current TF but use MTF bollinger at higher TF..is it possible?
What would be the purpose of combining two time frames of two different indicators?
I trade mostly on 15M chart,and use RSI as momentum...but i trade in the direction bolinger band at higher TF lke H1 or H4,or sometimes i want to see what RSI doing to at HTF...
how about only bolinger section in that indicator having MTF...the trend of HTF is more important for me
Yes you are right...maybe i did not delivered my request clearly
Basically, idon't use Bollinger Band, what i really like about Mladen's indicator above is RSI signal filtered by Bolinger Band or SMA,it will only give alert in direction of SMA..so iset the BB's deviation as small as possible to get the value of SMA (of course not exactly the same)..i use it not for reversal,because i never trade reversal..always follow the trend..as we can see in the chart i set BB period to 800 for approximity the value 200 EMA in H1..in this indicator i change SMA to EMA..with this indicator i won't be bothered by reversal signal..in downtrend is always red...may Mladen has a better solution.
Thank you Mladen for your explanation
Use this one (it needed update anyway to work with the new metatrader 4) :
If you can read please and help a poor italian scalper trader :-)
During the candles with blue arrows below (blu for example because color is limegreen, RSI is into oversold area too so I'd like to see on chart arrow too because otherwise (without RSI line below) how we do to know if RSI is always into oversold area?
You can make these changes?
- eliminate RSI below (we have arrows!)
- for the arrows there are 2 options how you prefer:
1) Draw arrows on all the candles that have RSI in area oversold/bought (like my image)
2) move the arrow (candle after candle) until RSI remains in area oversold/bought
Thanks in advance
What is the meaning of these inputs?
"pepaintSignalStep" and "repaintSignalPrice"
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