NORMALIZED RSI; %b(RSI) ON MT5

Sikani 2018.01.09 04:53

Hi,

I would be very grateful if anyone here can help me out the normalized RSI indicator, %b(RSI) for MT5 as described in his book; "John Bollinger on Bollinger Bands".

I know how to superimpose bollinger bands on RSI, but truthfully hasn't been effective for me.

On standby for any help. Thanks.

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Sergey Golubev 2018.01.09 05:35 #1

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read January 2014

Sergey Golubev, 2014.01.16 10:26

Bollinger on Bollinger Bands Hardcover by John A. Bollinger

Over the past two decades, thousands of veteran traders have come to view Bollinger Bands as the most representative**and reliable**tool for assessing expected price action. Now, in the long-anticipated Bollinger on Bollinger Bands, John Bollinger himself explains how to use this extraordinary technique to effectively compare price and indicator movements.

Traders can look to this techniques-oriented book for hundreds of valuable insights, including:

Analysis of the primary indicators derived from Bollinger Bands %b and BandWidth
How traders can use Bollinger Bands to work with instead of against commonly encountered trading patterns
Strategic use of Bollinger Bands in short-, mid-, and long-term trading program
Three trading systems based on Bollinger Bands

By understanding how to incorporate Bollinger's techniques into their own investment strategy, investors will greatly increase their ability to ignore often-costly emotions and arrive at rational decisions supported by both the facts and the underlying market environment.