I try make this extremely simple:
On www.tradingview.com they have free stockchart, they have 2 indicators that I want to use in MT4/5.
And their settings I need is like this:
I can't find these two indicator in MT4/5. PLEASE help me.
Forum on trading, automated trading systems and testing trading strategies
Indicators: Stochastic RSI
newdigital, 2013.09.05 19:24
The Stochastic RSI combines two very popular technical analysis indicators, Stochastics and the Relative Strength Index (RSI). Whereas
Stochastics and RSI are based off of price, Stochastic RSI derives its values
from the Relative Strength Index (RSI); it is basically the Stochastic indicator
applied to the RSI indicator.
As will be shown below in the chart of the S&P 500 E-mini Futures
contract, the Stochastic RSI gives more profitable buy and sell signals and
overbought and oversold readings, than the Relative Strength Index:
In the chart above of the E-mini S&P 500 Futures contract, the RSI indicator
spent most of its time between overbought (70) and oversold (30), giving no buy
or sell signals. However, the Stochastic RSI used the RSI indicator to uncover
many profitable buy and sell signals.
How to interpret the buy and sell signals of the Stochastic RSI is given next
in the chart of the S&P 500 E-mini:
Buy when the Stochastic RSI crosses above the Oversold Line (20).
Sell when the Stochastic RSI crosses below the Overbought Line (80).
Please - use Search :
Because I found those 2 indicators using Search (and spent few seconds for that).
But i am a newbie so how can I apply the settings above to the Stoch RSI as you can see in the picture??
Just download indicator and apply (RSILength=8 and StocLength= 14) :
Is it possible to merge the Stochastic RSI to the Willam %R IN THE SAME Window?
They show in sperate window
Yes, it is possible (attach stoch rsi indicator to separate window, and after that - move the second indicator my mouse to this same separate window).
But scale is different for 2 indicators ...
So, I have no idea how it will re-act in trading for example :
I think this works but just don't know the settings.
Oh no I spent 2 days searching on internet and still can't find the solution to the settings!!!!
I have already attached the mq4 file in the above post already, please anyone solve it for me.
This forum is about MT5/mql5, please post your question about MT4/mql4 on mql4.com forum.