Everything about RSI - page 71
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
sebastiank
First this. The reason for making this version so quick after the original version is explained here https://www.mql5.com/en/forum/183353/page85 . I felt that it needs to be posted simply because the .... things that metatrader does are making a good indicator bad in some cases (seems that we are going to have to think of our nail state too when coding - not to make metatrader angry and compile the code wrongly)
So, here is the version 2. Difference does not look big at the first glance but it is enormous since it avoids artificial changes of trend caused by metatrader and not buy the math. Upper is the first version, lower is the second version that patches that metatrader behavior
rsi_of_ema_variation__filter_2.mq4Looks very promising so far
Rsi - floating levels ...possibility of improvement ??
Possible solution for one known RSI problem ...
As useful RSI is, one property it has is limiting its usefulness - the "flattening property". With RSI the problem is that the longer the RSI period is, the flatter the RSI is. Here is an example : upper is 9 period RSI with usual 20-80 levels and lower is 50 period RSI with those same levels
It is obvious that all of a sudden RSI can be a trending indicator (since even on longer calculating lengths levels are kept at usable values) and that the problem of flattening is, at least in its bigger part, solved this way. That way it is giving a bit of a "new life" to the good old RSIHi Mladen,
I believe there is still possibility to improve this indicator. I think in this indicator floating levels change too often, and don't point to extreme enough market conditions, hard coding LevelDown/LevelUp is not adaptive. I believe the solution would be to 'approve' minimum/maximum level of RSI by check if RSI rebound to neutral zone (value 50). Otherwise
levels are changed by correlated moves of RSI belonging e.g. to the same trend leg. Such extreme approved by return of RSI to neutral values should be a floating levels. Additionally averaging of few previous levels should give a final level.
Do you know if something like this exist ??
Krzysztof
Here is an example that level 42.7973 was not low enough to catch big move if we would exit after crossing this level. Settings were
50/1440
Here is an example that level 42.7973 was not low enough to catch big move if we would exit after crossing this level. Settings were
50/1440Krzysztof
Just an idea : why not introducing 2 more levels that would be a kind of an "extended" 50 line (the floating one, not the fixed one). For example adding "middle" levels 45 and 55 (as in the attached example - those are just examples - you can adjust those levels using parameters). That way the non-static nature of the levels would be preserved and we can have a kind of a "watch out" range that could serve as a new criteria for eventual trend changes
Krzysztof Just an idea : why not introducing 2 more levels that would be a kind of an "extended" 50 line (the floating one, not the fixed one). For example adding "middle" levels 45 and 55 (as in the attached example - those are just examples - you can adjust those levels using parameters). That way the non-static nature of the levels would be preserved and we can have a kind of a "watch out" range that could serve as a new criteria for eventual trend changes
Can you help me with RSI divergence indicator for MT4 build 610 ?
Thank you !
divergence indicator
Here is one divergence ind which works under 610
Krzysztof Just an idea : why not introducing 2 more levels that would be a kind of an "extended" 50 line (the floating one, not the fixed one). For example adding "middle" levels 45 and 55 (as in the attached example - those are just examples - you can adjust those levels using parameters). That way the non-static nature of the levels would be preserved and we can have a kind of a "watch out" range that could serve as a new criteria for eventual trend changes
I use RSI as an exit so crossing lowest/highest level is important for me, this is a reason that I care about extreme values. I find those levels by optimization but its not perfect as they are changing during week so I have too little exits.
With the method what i described the lowest level fallen (from chart 1min GBPJPY) from 42
from your indi to 36-37, but still not low enough to catch a big move and not exit too early. But i think in such conditions (fast market) simple MA crossover will work so maybe it is easy to solve...
Krzysztof
Here is one divergence ind which works under 610
Thanks very much!
sebastiank
First this. The reason for making this version so quick after the original version is explained here https://www.mql5.com/en/forum/183353/page85 . I felt that it needs to be posted simply because the .... things that metatrader does are making a good indicator bad in some cases (seems that we are going to have to think of our nail state too when coding - not to make metatrader angry and compile the code wrongly)
So, here is the version 2. Difference does not look big at the first glance but it is enormous since it avoids artificial changes of trend caused by metatrader and not buy the math. Upper is the first version, lower is the second version that patches that metatrader behavior
rsi_of_ema_variation__filter_2.mq4My eternal question
Can we have it for tradestation too, please?
Hi Mladen
You made a indicator me and Please could you add divergence on it??
thx & regards kubi:)