Everything about RSI - page 142

Sergey Golubev
Moderator
122430
Sergey Golubev  

New indicator was published on CodeBase - 

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Rocket RSI - indicator for MetaTrader 5

Rocket RSI by MT5

Rocket RSI by MT5

As described in the May 2018 edition of Technical Analysis of Stocks & Commodities by John F. Ehlers. This indicators is an enhancement to the traditional RSI for detecting cyclical reverses.

How to use this indicator in practice:

  • If the indicator spikes below -2, this shows a high probability of a bullish reversal and is therefore a buy signal.
  • If the indicator spikes above 2, this shows a high probability of a bearish reversal and is therefore a sell signal.
Sergey Golubev
Moderator
122430
Sergey Golubev  

RSI Candles - indicator for MetaTrader 5

The chart with RSI indicator by MT5

One possible way of normalizing prices into a known bound.

This is a RSI of High, Low, Open and Close displayed as color candles in it's own sub-window. The interesting is that the prices are reflected in a very close manner to a known 0 to 100 range and that opens a lot of new possibilities.

Sergey Golubev
Moderator
122430
Sergey Golubev  

RSI Candles - Smoothed - indicator for MetaTrader 5

The chart with RSI Candles by Metatrader 5

Combination of 4 RSI values (RSI of High, Low, Open and Close) displayed as candles.

This version has additional option to enable prices pre-smoothing prior to be used in calculation, which makes it an RSI-of-MA combination. To avoid prices pre-smoothing, use smoothing period that is less than or equal to 1.

Chris Mukengeshayi
1702
Chris Mukengeshayi  
Sergey Golubev:

RSI Candles - indicator for MetaTrader 5


One possible way of normalizing prices into a known bound.

This is a RSI of High, Low, Open and Close displayed as color candles in it's own sub-window. The interesting is that the prices are reflected in a very close manner to a known 0 to 100 range and that opens a lot of new possibilities.

Sergey Golubev:

RSI Candles - Smoothed - indicator for MetaTrader 5


Combination of 4 RSI values (RSI of High, Low, Open and Close) displayed as candles.

This version has additional option to enable prices pre-smoothing prior to be used in calculation, which makes it an RSI-of-MA combination. To avoid prices pre-smoothing, use smoothing period that is less than or equal to 1.

Wow, this Indicator is amazing, could they please be replicated or are there available in MT4 version.

Much appreciate, thanks.

Sergey Golubev
Moderator
122430
Sergey Golubev  
Chris Mukengeshayi:

Wow, this Indicator is amazing, could they please be replicated or are there available in MT4 version.

Much appreciate, thanks.

I did not find for MT4 ..

Chris Mukengeshayi
1702
Chris Mukengeshayi  
Sergey Golubev:

I did not find for MT4 ..

Alright thank, It will be awesome to have it in MT4 also, although everyone need to migrate and get used to MT5 which has more functionalities. I still like to test any indicators in both MT5 and MT4.

:-) 

Sergey Golubev
Moderator
122430
Sergey Golubev  

Good article was published - 

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Universal RSI indicator for working in two directions simultaneously 

When developing trading algorithms, we almost always encounter a problem: how to determine where a trend/flat begins and ends? It is difficult to find a clear-cut solution. This goal seems achievable by combining the both trend-based and flat-based strategies in one algorithm. In this article, we will create a universal indicator that will combine signals for different types of strategies. We will try to simplify the generation of trade signals in an expert as much as possible. An example of combining several indicators in one will be given. This will be done using object-oriented programming, with each indicator or its part being implemented in the form of a class included in the main program file.

Contents

Sergey Golubev
Moderator
122430
Sergey Golubev  

RSISignal - indicator for MetaTrader 4

Features
  • Displays 3 RSI lines of different periods and the MA of the first RSI line (smoothed RSI).
  • Displays the MA of the smoothed RSI. The crosses of smoothed RSI and its MA can be used as the signals.
  • Displays histogram for RSI or its Moving Average.
  • Colored level lines.
  • Two color MA lines.
  • Four color histogram.
  • Color filling between overbought and oversell levels (background).
  • Users can turn off/on most of the features mentioned above.
Read the discussion about few versions of this indicator here.
Nino Gannaban
9
Nino Gannaban  
Hello anyone know what indicator this is? And if this is available
Files:
Alain Verleyen
41911
Alain Verleyen  
Nino Gannaban:
Hello anyone know what indicator this is? And if this is available

Why posting that in a RSI thread ?

And an other time please post a smaller image, I am still able to see it.