RSI indicator - page 31

Orinin
102
Orinin  
ismael360:
Which way do you prefer to take your trades the most. I prefer the 50 cross with a good filter to back it up. Ish

I apply all ways of trading RSI and didnt stick to one way only.

RSI is a momentum indicator as everybody know.

And I didnt come here to teach everyone to trade as some of you are better than me.

my point is "with just RSI" alone will make you money if you trade it properly.

You dont have to ask Mladen to program this and that, everything is clear and pin point with just RSI.

And I wont reply anything inside my PM.

katastrof78
37
katastrof78  

Rmioma

dear Mladen: Buy-Sell functions now on RSIOMA is used.

However, can you change tihis indicator as RMIOMA.

I want to see the result of this change.

Thanks.

Mladen Rakic
167881
Mladen Rakic  

rmioma

katastrof78

Here you go Upper is the regular rmi lower is the "rmioma" with ma period set to 10

katastrof78:
dear Mladen: Buy-Sell functions now on RSIOMA is used.

However, can you change tihis indicator as RMIOMA.

I want to see the result of this change.

Thanks.
Files:
rmioma.mq4 4 kb
rmioma.gif 39 kb
katastrof78
37
katastrof78  

I would like to thank a lot.

Have you ever really satisfied me.

I'm not able to find, but still I Look indicator.

thank you again.

katastrof78
37
katastrof78  

dear Mladen ;

I wanted to pick up signals from the intersection.

RMI and MA indicator may appear separately?

Mladen Rakic
167881
Mladen Rakic  

katastrof78

In this one rsi from the rsioma indicator calculation is replaced with RMI calculation so it does all the things that rsioma do with the exception that it calculates rmi instead of rsi

katastrof78:
dear Mladen ;

I wanted to pick up signals from the intersection.

RMI and MA indicator may appear separately?
Files:
katastrof78
37
katastrof78  

Dear Mladen :

magnificent...! very nice of you.

very thanks...

secretcode
898
secretcode  
Orinin:
Sorry to many respected trader/coder here just like mladen, linuxer, digital and many others.

To my knowledge RSI is best to trade as

Divergence, OS/OB and level 50 crossing

But to understand much about it, cant be explained in just in this forum.

But the best way to understand it is by reading its code. And I dont know how to explain but open the code under meta editor and try to understand it.

Default setting at higher TF. Daily is my preference.

Thanks for reply Orinin

Indeed this is a great forum to learn

joe blogs
868
joe blogs  

Larry Williams (the legendary trader) has some interesting ways to use his Williams %R

not sure if the same as the RSI but is a similar oscillator

Larry Williams Percent (%) R Indicator - YouTube

How to Use the Williams %R Indicator - YouTube

also some other great vids on you tube worth watching from the great man himself

personally i'm using the RSI as a trending filter - above the 70 line, take no shorts below the line get the shorts on lol

techmac
2973
techmac  
Actually Williams percent range is almost the same as stochastic (without the smoothing) If you set the Slowing to 1 and use high low in the price field then stachastic-100 = Williams percent range. Like this
WR1:
Larry Williams (the legendary trader) has some interesting ways to use his Williams %R

not sure if the same as the RSI but is a similar oscillator

Larry Williams Percent (%) R Indicator - YouTube

How to Use the Williams %R Indicator - YouTube

also some other great vids on you tube worth watching from the great man himself

personally i'm using the RSI as a trending filter - above the 70 line, take no shorts below the line get the shorts on lol
Files:
wpr.gif 41 kb