RSI indicator - page 33

Mladen Rakic
169042
Mladen Rakic  

Rsi with pivot levels ...

Rsi with pivot levels posted at this post : https://www.mql5.com/en/forum/174385/page31
Files:
forexts2
588
forexts2  
mladen:
Rsi 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

Orinin
102
Orinin  

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

Mladen Rakic
169042
Mladen Rakic  

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 used

Orinin:

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
Files:
drsi.mq4 2 kb
drsi.gif 34 kb
drsi_2.gif 36 kb
Orinin
102
Orinin  

Thanks

mladen:
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

Sohocool
106
Sohocool  

Rsi demark

mladen:
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.

Files:
Mladen Rakic
169042
Mladen Rakic  

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 ...

sohocool:
Hi Mladen

the directional RSI is the same thing than Demark RSI.

DeMarker - Oscillators - Technical Analysis

Regards.

Sohocool
106
Sohocool  
mladen:
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 ...

another, university teachers that reinvents the wheel.

Orinin
102
Orinin  

you are right

sohocool:
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

Sohocool
106
Sohocool  

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.

Files: