Rsi with pivot levels ...
i decide i m not go because i get some thing so i m stay here
To the code master.
I ve been trading for sometimes with RSI.
Recently I came to know that there is another version of RSI that is based on Directional Movement and produced a very good results.
Attached is an article based on research by a University in Malaysia
I really hope you can help to create an indicator based on that article.
Thank you Mladen.
You are truly amazing code expert.
Thank very very much.
the directional RSI is the same thing than Demark RSI.
Yes, it is (as far as results are concerned, as far as calculation is concerned it is different after the initial difference calculation step)
But please read the document attached by orinin : it was done as the document describes and it in fact is RSI ...
DeMarker - Oscillators - Technical Analysis
another, university teachers that reinvents the wheel.
you are right
Yes both indis look alike. Other than the calculations are different, look carefully how the both indis response to the market. In terms of application, the bullish and bearish assumption will be taken at level 50 for DRSI while deM is at level 30 and 70. Anyway I m still testing the indi. Hopefully will pick more green pips
Drsi + demark
I do the 2 indicators into same window.
Every body can do his own opinion
Blue line is Drsi.
Red line is Demark rsi.
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