Is there any one here to tell me the exact use of 50 line in RSI?!
Actually the level 50 was not mentioned in the original version of the RSI as it was supposed to indicate OBOS at level 70/30.
However based on my experiences, once the RSI crossed the level 50 from below, it will move within the range of 45 and above for uptrend.
Conversely, If the RSI crossed the level 50 from above, it will move within the range 55 below for down trend.
To understand better, open a chart and see
Updated non-repainting colored multi time frame rsi with alerts posted at this post : https://www.mql5.com/en/forum/180648/page427
Do you think it would be possible to do it with ''RSI on NMA v1.01.mq4'' ?
In the advanced elite of course
posted it here : https://www.mql5.com/en/forum/179737/page9
here who have this indicator? I've forgotten the name of this indicator.
Hi Mladen, sorry to bother you again:
Every time I attach your RSI_2SigMAs_mtf.Mq4 indi , I get this message:
RSI_2SigMAs_mtf + histo EURUSD,Daily: invalid integer number as parameter 2 for 'Indicator call' function.
thanks for your help!
Thank you !
Try out this one. They are going to work exactly the same, except that you are not going to get that message any more
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