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Rsi with pivot levels ...
Rsi with pivot levels posted at this post : https://www.mql5.com/en/forum/174385/page31Rsi with pivot levels posted at this post : https://www.mql5.com/en/forum/174385/page31
i decide i m not go because i get some thing so i m stay here
Drsi
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
http://wwwkal.ums.edu.my/lbibf/Articles/v9a2.pdf
I really hope you can help to create an indicator based on that article.
orinin
directional RSI
Orinin
This would be the drsi (directional RSI) as described in the document that you attached. Lower picture is the comparison of drsi (upper) and regular rsi (lower). As it is obvious, they tend to be quite different in values in a lot of occasions when shorter calculation periods are usedTo 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
http://wwwkal.ums.edu.my/lbibf/Articles/v9a2.pdf
I really hope you can help to create an indicator based on that article.
orininThanks
Orinin This would be the drsi (directional RSI) as described in the document that you attached. Lower picture is the comparison of drsi (upper) and regular rsi (lower). As it is obvious, they tend to be quite different in values in a lot of occasions when shorter calculation periods are used
Thank you Mladen.
You are truly amazing code expert.
Thank very very much.
Orinin
Rsi demark
Orinin This would be the drsi (directional RSI) as described in the document that you attached. Lower picture is the comparison of drsi (upper) and regular rsi (lower). As it is obvious, they tend to be quite different in values in a lot of occasions when shorter calculation periods are used
Hi Mladen
the directional RSI is the same thing than Demark RSI.
http://ta.mql4.com/indicators/oscillators/DeMarker
Regards.
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 ...
Hi Mladen
the directional RSI is the same thing than Demark RSI.
DeMarker - Oscillators - Technical Analysis
Regards.
Yes, it is (as far as results are concerned, as far as calculation is concerned it is different after the initial difference calculation step)
another, university teachers that reinvents the wheel.
you are right
Hi Mladen
the directional RSI is the same thing than Demark RSI.
DeMarker - Oscillators - Technical Analysis
Regards.
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
Hello all,
I do the 2 indicators into same window.
Every body can do his own opinion
Blue line is Drsi.
Red line is Demark rsi.