Hi mladen and mrtools,
I dont know if its possible or not or is even realistic. Can we combined the output of 2 RSI indicators in one histo indicator
So say if we have RSI1 with Length : 20 , Levelup : 70 , LevelDown : 30 and RSI2 with Length 25 , Levelup : 60 , LevelDown : 40. And we want to go long or short only when both of them give long and short signal. So if say we get long signal from both of them then histo will plot green lines, now if RSI2 goes short but not RSI1 then histo will continue plotting green lines, now after sometime RSI1 also gives sell signal, now since this one aligns with RSI2 the histo will plot red lines.
Yes it is possible
If I am correct there is already something like that made, just can not find it right now
Thanks mladen that wud be great if we can have such combination
did you see this : https://www.mql5.com/en/forum/178733
I think it is different from what he is searching
Zero lag RSI by Alexander Gettinger
MACD on RSI indicator
Hi mladen, can we have 0/1 histogram version of this RSI
If I did not understand wrongly, this would be it : smoothed_rsi_v01.mq4
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