First of all - Thanks for hard work for forex community - it's really impressive - hats off.
I found somewhere in internet Your indicator RSI tma_nrp_bands_mtf
I would like to ask You to modificate this indicator
a) add regular RSI with possibility to set period , high and low level
b) for RSI tma_nrp_bands_mtf - bands are not changing position, once drawed stay the same - not recalculate their possition in future, i'm intresting ONLY in current situation
c) if rsi cross given level and rsitma cross band arrow will apper
i hope that picture will help clear my idea
one more time thank You very much
I would like to ask you, if you are following the original description referred to the "extreme point rule" ??? ... or possibly describe your approach ...
Thank you for your info and reply.
do you or do we have on mt4/mt5 an indicator which is exactly to indicator "SMI Ergodic Indicator" from trading view?.
In attachment some pictures.
From this site: http://www.motivewave.com/studies/smi_ergodic_indicator.htm I found that is base on TSI developed by William Blau.
Maybe you can help me.
Thank you in advance.
as i understand if You will remove TMA and leave only RSI bands , than bands will not be recalulated.
It looks that this solution meet my requiremnets. thats fine with me.
Because i saw that it's Your indicator i after reserch i found out that You are a Legend here.
i would to change rsitma indiactor to give same results as it is on attach picture.i didn't know that tma is removed or hidden on presented indicator picture.
anyway i couldn't find RSI band indicator -all of them are rsitma
alert is main reason why i talked to You (apart of non repainting bands)and it is very important for me to have alert when all conditions are meet, beacause i can't stare in monitor all the time as i do it right now.
I think that "filtered cross points" can have a major value and use for trading .... I have not programming knowledge, so it is difficult for me to make such indicators ... even i have different ideas and approaches for this .... You see these points can be used as Support and Resistance, as Swing Points, they are not Repainting ... and can be a great trading tool .... If you have any news, are welcome ....
I am afraid, this indicator does not work correctly. Although it prepares
offline data, the corresponding offline chart is still not on the list
of openable charts for the user to open it offline.
I try to describe what I experienced when I wanted it to use:
set RenkoTimeFrame = 3; but there was no M3 chart under File > Open
Offline. Then I experimented further and switched RenkoTimeFrame to 4 then checked out the Open
Offline possibilities again and found an M3 chart there. I opened that M3
chart and watched it, and realised that that chart is static, i.e. it
does not refresh itself, the price line always showed the last value when
the renkomeanlivechart-indicator_alerts' RenkoTimeFrame was set at 3.
There was no M4 chart on the list while the indicator's RenkoTimeFrame
value was set at 4.