Now we are looking through the same lense . The reason for the alert was not to trade from but to have operating in the background and save me clicking through all pairs regularly looking for correct conditions in which I may find a good setup. The attached picture shows a good example of the trading conditions when Daily, 4hr and 1hr rsi are all in agreement. From hear one could then move down to trade 15 min tf if they wanted. I really do appreciate your responding to me. I have struggled for so long trying to get on top of trading succesfully .
RSI prognoz (attempts to predict RSI value) rsi_prognoz.mq4
Rsi With arows
I have an idea but i am not a mql coder and i need some help . I want a Rsi indicator who gives me alerts with the name of the pair when the price touch the overbrought or oversold area. The indie put an arrow on that candle who touches the lines. Can someone do this?
It will be great if will have an email alert to. Thank You!
Hello Olixman, think this one here: https://www.mql5.com/en/forum/180648/page501 may be what your looking for.
Thanks but it's not what i am searching
RSI will almost never "touch" some OB/OS values (the nature of rsi is not to have some round values).
I know that you are looking for rebounds from some levels, but even that, when you take a look at the zigzaging values of RSI should be used with extreme care. If you are looking for that type better use some smoother momentum type indicators : RSX, velocity, ... Otherwise you are going to have a lot of problems with the direction of rsi
Best quote I found about RSI "The RSI is best used as a valuable complement to other stock-picking tools."
Rsi + ma
Hi Coding expert friends,
I want to combine RSI and MA (like as the picture). First I put RSI, then I drop MA on the RSI indicator. SO the MA based on RSI.
In the picture, RSI 20, The MA is SMA50 based on the RSI20. I want this two indi become ONE.
Try the attached indicator coded by Mladen
Almost same even more than you described in your post!
Thanks for your help.
And Thanks to mladen too.