There still is a question : what does "to remove the main trend analyses" mean?
A better and simpler way of explaining is: every time the oscillator reaches the 75 level and then goes down creating a peak, the oscillator draws a arrow in the main chart giving a sell signal.
And every time that the oscillator goes under de 25 level a then goes up the oscillator gives a buy signal.
If you didn't understand the previous explanation it's understandable, english is not my first language so I will try to explain using images because its easier for me.
The indicator works in this way:
To create a buy arrow.
1. The oscillator goes under the 25 level
2. The oscillator goes up creating a "v" shape.
To create a sell arrow.
1. The oscillator goes over the 75 level
2. The oscillator goes down creating a inverted "v" shape.
But as you can see in this image that is not always the case
this happens because this indicator uses a moving average to filter the signals in counter trend.
What I am asking is if it is possible to modify the indicator that will make the arrows appear every time independent of trend direction.
Thank you for your time and patience.
can you add following alerts to indy
Ratu, have this version.
Hi Mladen/Mr Tools,
I downloaded the Extreme RSI indicator from the forum a couple of days ago but there is no alert. i would be grateful if you would kindly add alerts for when the arrows appear - with option for alert on current candle and on close of candle. The attached indicator is what i downloaded from the forum - but when i use it i inverse the OBOS settings as follows:-
double r1 = iRSI(NULL,0,rsiperiod,PRICE_CLOSE,i);
double r2 = iRSI(NULL,0,rsiperiod,PRICE_CLOSE,i+1);
if (r1>30 && r2<30)
buffy1 = Low-15*Point;
buffy2 = High+15*Point;
if (r1>70 && r2<70)
I mention this just in case there is some relevance for the alerts. Thank you
Modified the indicator a bit, think possibly could have been some repainting issues, anyway this version gives the same results with the alerts.
VERY NICE!!! I think that will work how I need... Thanks a lot for everything bross! FOREX-TSD team is the best!
Can someone add arrows on the chart when the red and green on the attached indicator cross?
Hi mrtools. Is there a nrp version of this indicator? Where the white stars/dots don't disappear once they appear?
Jaquanburton, it has arrows.
HI Mr Tools,
Thank you for adding the alert and fixing the repainting issue - will check it out when market opens tomorrow.
, nevertheless, many thanks for your effort !!!