Indicators: RSI with RSI
This is excellent. Thank you for sharing.
hi Mr Mladen Rakic Would you Mind providing RSI with RSI with Alarm Alert code for
(As am looking for alarm alert function in rsiwith rsi ) please kindly provide
signal up Alarm Alert True
signal down Alarm Alert True
signal up2 Alarm Alert True
signal down2 Alarm Alert True
thank you sir
Looks great!
How can I set up this in such a way that I can view the RSI w RSI on current time frame and a higher time frame simultaneously?
example on D1 chart, it will show
DAILY RSI (14) and WEEKLY RSI(14)
Thank you
Hello Mladen,
This is just a note to say thank you; it's a generous thing to do to publish code and I truly appreciate it.
The code is clean and demonstrates a deep understanding of both what might help place a safe trade and how to do it - in a terse, minimalist and clean fashion. I wish I had your depth of understanding.
If I had one request, it would have nothing to do with what it does or how it works, that's all good. It would be a brief explanation of the signals and how you intended they be used, just to make sure I have understood correctly.
Thank you very much, it's a thumbs up from me! 👍👏
With my best regards, ESB.
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RSI with RSI:
In his article Combining Rsi With Rsi, author Peter Konner describes the use of two different RSI calculations using different lengths to allow trading of retracements as well as longer-term positions. The five-week and 17-week RSI values are used for entry and exits while the 17-week RSI is used for trend direction as an entry filter in the retracement entries.
This version of the indicator allows you to use any period combination on any timeframe, but keep in mind that the original was developed for the weekly timeframe.
Author: Mladen Rakic