RSI indicator - page 75

krzysiaczek99
298
krzysiaczek99  

I discovered that MT4 implementation of RSI is not a Wilder RSI implementation but kind of another type. Proof is here.

https://www.mql5.com/en/forum/177347/page22

Can anyone from this thread comment on this ??

Krzysztof

krzysiaczek99
298
krzysiaczek99  

Here is a link to rsipaintpro indicator together with a few ebooks about RSI trading

rsipaintpro

Mladen Rakic
162881
Mladen Rakic  
fajst_k:
I discovered that MT4 implementation of RSI is not a Wilder RSI implementation but kind of another type. Proof is here.

https://www.mql5.com/en/forum/177347/page22

Can anyone from this thread comment on this ??

Krzysztof

Krzysztof

That is not their only case when they did something like that

See ADX (which is, by definition, not an ADX at all but something that nobody knows where it comes from), see the MACD (Appel clearly told that signal line is EMA not SMA), and a lot of cases like that

myname
3231
myname  

Metatraders ADX is a laughing stuff from regular trading platforms users

It makes metatraders users look ridiculous that they do not know how a real ADX looks like

name
992
name  
nbtrading:
Metatraders ADX is a laughing stuff from regular trading platforms users It makes metatraders users look ridiculous that they do not know how a real ADX looks like

There is a dispute at mql from 2013 where they finally discovered that the metatrader ADX is not ADX (although they got the reasons all wrong - difference is much bigger than they are trying to explain there). Someone got lost in Wilders book translation Guess the same is for RSI

Mladen Rakic
162881
Mladen Rakic  

Updated OnChart RSI : OnChart Rsi nmc.mq4

Original was posted here : https://www.mql5.com/en/forum/177347/page12

gforexku
7
gforexku  
mladen:
bayuveneo Here is a corridor RSI (without multi time frame). Try it out.

please make corridor rsi with arrow onchart

thanks

Mladen Rakic
162881
Mladen Rakic  
gforexku:
please make corridor rsi with arrow onchart thanks

gforexku

"Plain" rsi is not suitable to be made "corridor" like. There are two many spikes that would cause "corridor" lines meaningless. Corridor like "candidates" are more or less indicators that are much smoother than rsi (that is why RSX was made as corridor version not the rsi)

Joakin
620
Joakin  

alx rsi (with bands and average) : alx_rsi_bands_ma-1.mq4

Files:
Dnl
18
Dnl  

Hi,

I am new here and I think someone here have heard about RSI William Golden ratio ... Can someone please share if have it? I tried search from google but ...