RSI vs RSX vs RSX on Jurik smooth
Here I made fast analysis of RSI versus its derivatives RSX and RSX on Jurik smooth.
You can clearly see here that e.g. RSX on Jurik smooth makes substantial overshoot,
price makes lower low, RSI lower lows but RSX on Jurik smooth made double bottom.
Both of them made also made higher high even RSI made lower high and also
overshoot 50 level when RSI found resistance there.
So RSI on raw data is the best !!!
Comparing RSX vs RSX on Jurik smooth perhaps RSX is better as it overshoots less.
The purpose of using something like that in RSX was to prevent the flattening effect of any kind of rsi calculation for longer periods (as you have noticed by now, the longer the rsi/rsx period is, the flatter (closer to 50 values) are the rsi/rsx going to be). That renders static levels useless (because they are going to entirely depend on the calculation length of the rsi/rsx)
So, that is the purpose of doing something like that : to enhance the rsi/rsx without having to adjust the overbought/oversold levels all the time (not talking about self adjustable levels this time). And it seems that the whole process does what it is meant to do in the first place
Yes but overall structure, proportions and patterns of original data should stay. Instead it falsifies the most important points of it....
Which points are falsified?
Peak and valleys positions are not falsified nor is the momentum falsified. And taking into consideration how many false signals are we going to get using the "raw RSI", weighting what is more useful in any type of trading should be obvious
RSI raw made lower low
RSX on jurik made double bottom
RSI raw made 1st high high than lower high (see two peaks of RSI)
RSX on jurik and RSX made 1st lower high than higher high
RSI raw hit resistance at neutral 50
RSX on jurik and RSX overshoot it
that falsification of main pattern of RSI
in another tests i simple tried smoothing methods of RSI (Ehler way, and others)
and RSI raw, when RSI levels were used as an exit of strategy which generates
thousands of trades so results are significiant and PF was always lower for smoothed
RSI than for raw RI so sorry but im 100% sure about it.
making and watching the indicators without proper backtesting in the strategies
which results are significiant (so hundreds or thousands not correlated trades)
is a bit disconnected from reality as simply there is no significiant proof that they work.
This part I agree 100%
and i am stopping taking part at this meaningless dispute based on subjective visual back tests only
hello, any body have or can code rsi level in All Time frame like ALLRSI indicator..and added more pair in one windows ?
Would you mind explaining a bit more?
Updated version of RSI adaptive EMA with alerts : rsi_adaptive_ema_nrp___mtf__alerts_nmc.mq4
Original was posted here : https://www.mql5.com/en/forum/178733/page44
i mean rsi all tf like the image and add some alert for tf we choose for alert show..
and also can add pair we choose more than one..so i dont need finding pair with oversold or overbought rsi manual draging pair..