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.
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.
Here you go Upper is the regular rmi lower is the "rmioma" with ma period set to 10
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.
dear Mladen ;
I wanted to pick up signals from the intersection.
RMI and MA indicator may appear separately?
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
Dear Mladen :
magnificent...! very nice of you.
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.
Thanks for reply Orinin
Indeed this is a great forum to learn
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