Indicators: Figurelli RSI

 

Figurelli RSI:

In my opinion, Welles Wilder RSI (Relative Strength Index) is a great momentum oscillator that works fine for small periods values (from 2 to 20). So I did some changes to it performe as good for greater periods, like 120, introducing a gain variable.

Author: Rogerio Figurelli

[Deleted]  

thanks for this interesting approach. love it very much.

but can you please give more sample on how to use it correctly in various conditions? pls. tq.

 

Is there a way of modifying your indicator to match what Wilder's version would produce graphically - not be adjusted?  I've had extensive experience in his version and would like to use it on MT4 if possible.  Thanks!!