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  • Reviews (2)
  • Comments (42)
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Adaptive RSI

Relative Strength Index (RSI) is one of the most popular and accurate oscillators widely used by traders to capture overbought and oversold areas of price action. Although the RSI indicator works fine for a period of market, it fails to generate profitable signals when market condition changes, and hence produces wrong signals which results in big losses.

Have you ever thought about an adaptive RSI indicator that adapts its period of calculation based on the market conditions? The presented indicator implements an optimization algorithm which identifies the best period for calculation of RSI based on maximization of the profit over N-past bars. You can imagine that the optimization process of the strategy tester of MetaTrader is continuously running on live charts to find the best RSI period, based on which the profit of trading on the RSI signals will be maximized. The values of this indicator, similar to that of the RSI indicator, are shown between 0 and 100.

  • An RSI value falling into the 70 - 100 region of the scale is regarded as being overbought (i.e., it is the most probable time to open a short position).
  • An RSI value falling within the 0 to 30 region is considered oversold (i.e., it is most probable time to open a long position).

Features

  • Automatically determines the best period of RSI to adapt to the current market conditions.
  • Identifies overbought and oversold areas more accurately than original RSI indicator.
  • Shows BUY/SELL signal arrows on the bar chart. (must be enabled in the input settings of the indicator)
  • Generates alerts for the signals.
  • Highlights overbought and oversold areas with different colors for easier recognition.
  • Generates reliable BUY/SELL signals on oversold/overbought areas.
  • Works with 4 and 5 digits brokers.
Input Parameters
  • Maximum Bars to Look Back: A positive integer number that indicates the maximum past bars, over which the adaptive RSI values will be computed.
  • Maximum Past Bars for Optimization: A positive integer number that indicates the maximum past bars, over which optimization (to find the best RSI period) will be performed.
  • Minimum RSI Period for Optimization: A positive integer number (greater than zero) that indicates the minimum RSI period to take into account in the optimization.
  • Maximum RSI Period for Optimization: A positive integer number that indicates the maximum RSI period to take into account in the optimization.
  • RSI Period Step for Optimization: A positive integer number (greater than zero) that indicates the incremental step of RSI period to take into account in the optimization.
  • Alert Enable/Disable: if true, the alerts will be triggered for the BUY/SELL signals.
  • Email Notification?: If it sets to true, when a pattern is recognized, an email will be sent to the address set in the options of MetaTrader 4.
  • Mobile Notification?: If it sets to true, when a pattern is recognized, the user will receive a push notification on his/her mobile phone.
  • Show Signal Arrows?: if true, BUY/SELL arrows will be shown on the bar chart.
  • Overbought Color: The color for highlighting overbought areas.
  • Oversold Color: The color for highlighting oversold areas.
  • Overbought & Oversold Line Width: Thickness of line for highlighting overbought and oversold areas.
  • Applied Price: Applied price type for calculating RSI (default is Close).
  • Show Current RSI Period: If true, it displays the current optimized value of RSI period.
Reviews 2
Dmytr Npwmnysz״
1493
Dmytr Npwmnysz״ 2018.04.22 02:33 
 

nice work

Richard Caughell
1451
Richard Caughell 2014.06.20 22:56 
 

This is a solid indicator, I personally trade 30 minute expiry binary options and this indicator helps a lot, to determine trend. It can really help out also to show trend vs consolidation!!!. The optimization brings out the true colors of the RSI

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Bermaui Bands (BB) is a technical analysis tool that helps filter between ranging and trending price movements. The idea behind this indicator can be explained in the next steps: Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %). If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low. High volatility means a great probability for a trending market, whi
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Trend Screener
Trend Screener
STE S.S.COMPANY
Breakthrough Solution For Trend Trading And Filtering With All Important trend Tool Features Built Inside One Tool! Trend Screener shows the beginning and the end of the trend, all timeframes (  M1...M30...H1...D1..MN1) Trends with trend classifications from Week to Strong Trend.   Our indicator has been developed by traders after 6 years of experience in trading and via only one chart the trader will monitor all markets trends  ( Forex, Indices, commodities, crypto...etc)  and getting notific
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Bermaui Deviation Percent
Bermaui Deviation Percent
Muhammad Elbermawi
Or ( BD% ) which is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an index depending on the Classic Standard Deviation (CSD) that moves between 0 and 100 percent. You can use BD% to compare volatility for the same security in different time periods or different time-frames. In addition, you can use BD% to compare volatility between different securities in different markets in terms of percent rather than points. The idea behind th
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Fibonacci Of Yesterday Ultimate
Fibonacci Of Yesterday Ultimate
Thushara Dissanayake
The Fibonacci Of Yesterday Ultimate indicator is designed to trade for most popular Fibonacci strategy that's based on the previous day's high and low. It automatically identifies and show Entry levels , Stop loss levels and Take profit levels , according to the yesterday D1 candle by Fibonacci levels. As well as the traditional Fibonacci tool also included. However, it is very user friendly rather than default available one. On the other hand one more tool included. It automatically identifies
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MACD Currency Meter
MACD Currency Meter
Emir Revolledo
(Currently @ 12% discount) Last market review  ( 651pips PROFIT in 1 week) Webinar Link :    https://www.youtube.com/watch?v=Sk1qdZUNIus Another market review(1156 pips in 1 week) https://www.youtube.com/watch?v=ekUkl1ITWH0 All users are FREE to join our telegram group. Just send your receipt to me then I will send an invite to you. WELCOME to the very new algorithm in the market which you have never seen before.  MACD Currency Strength Meter: 2 indicators in 1! MACD Currency Meter : A M
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VWAP Indicator MT4
VWAP Indicator MT4
Kyra Nickaline Watson-gordon
Description : VWAP (Volume-Weighted Average Price) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which pair is traded over the trading horizon. Read More. All Symbols and All Timeframes are supported. Indicator Inputs :     VWAP Mode : Mode of VWAP Calculation. Options can be selected : Single,Session,Daily,Weekly,Monthly     Volumes : Real Volumes,Tick Volumes     Price Type : Used price for cal
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Support Resistance screnner
Support Resistance screnner
STE S.S.COMPANY
Technical indicator for mt4 that identifies support and resistance based price action with supply and demand levels. 1. Key Features Dynamic Support and Resistance Our indicator is dynamic, which the support and resistance lines generated to coincide with the current price action. Automatic support and resistance The indicator attempts at automatic detection of support and resistance levels by identifying large swings/ pivots in historical price action. Non repaint support and resistance Our
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Trendometer
Trendometer
Rasoul Mojtahedzadeh
Identifying the trend of the market is an essential task of traders. Trendometer implements an advanced algorithm to visualize the trend of the market. The major focus of this indicator is to evaluate the market in the lower time frames (i.e., M1, M5 and M15) for the scalping purposes. If you are a scalper looking for a reliable indicator to improve your trade quality, Trendometer is for you. The indicator runs on a separate window showing a histogram of red and green bars. A two consecutive gre
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Adaptive CCI
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Rasoul Mojtahedzadeh
Commodity Channel Index (CCI) is one of the popular oscillators widely used by traders to capture overbought and oversold areas of price action. Although the CCI indicator works fine for an interval of a market, it fails to generate profitable signals when market condition changes, and hence produces wrong signals which results in big losses. Have you ever thought about an adaptive CCI indicator that adapts its period of calculation based on the market conditions? The presented indicator impleme
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Adaptive Stochastic
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Rasoul Mojtahedzadeh
Stochastic Oscillator is one of the most popular and accurate oscillators widely used by traders to capture overbought and oversold areas of price action. Although the Stochastic indicator works fine for an interval of the market, it fails to generate profitable signals when the market conditions change, and hence it produces wrong signals resulting in big losses. Have you ever thought about an adaptive Stochastic indicator that adapts its period of calculation based on the market conditions? Th
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RFX EasyTrade
RFX EasyTrade
Rasoul Mojtahedzadeh
RFX EasyTrade  is a professional panel to make your trades as easy as possible. You can perform scalping by acting fast and efficient. You can draw a box or a trend line and let RFX EasyTrade to catch a breakout and manage the trade automatically. You can set pending orders and set Order-Cancels-Order easily. If you are a fan of Martingale strategy just set a few settings on the panel and let RFX EasyTrade to automatically manage the trades. You can trade based on time without waiting long time
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Bull Bear Powers
Bull Bear Powers
Rasoul Mojtahedzadeh
Bull Bear Powers indicator shows the absolute power of bulls and bears in the market. Both powers are shown simultaneously with red and green colors for bear and bull powers respectively. When red line goes over the green line it means that bears are controlling the market. When green line goes over the red line it means that bulls are controlling the market. The green/red horizontal symbol line at the bottom of the indicators shows which party has more strength. Time Frame: M30 and H1 are recom
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RFX Forex Strength Meter
RFX Forex Strength Meter
Rasoul Mojtahedzadeh
RFX Forex Strength Meter is a powerful tool to trade 8 major currencies in the Forex market, U.S. Dollar ( USD ) European Euro ( EUR ) British Pound ( GBP ) Swiss Franc ( CHF ) Japanese Yen ( JPY ) Australian Dollar ( AUD ) Canadian Dollar ( CAD ) New Zealand Dollar ( NZD ) The indicator calculates the strength of each major currency using a unique and accurate formula starting at the beginning of each trading day of your broker. Any trading strategy in the Forex market can be greatly improved
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RFX Trend Follower
RFX Trend Follower
Rasoul Mojtahedzadeh
RFX Trend Follower  predicts the start and end of a trend in the market. The indicator eliminates the noise in the market and visualize the current trend. The indicator can be used on any time frame of interest. It is designed to help traders to make better decisions for both entries and exits. The input settings of the indicator are flexible and the trader can set up to which percentage of change in the market they prefer the indicator to filter. Input Settings Period (min. 5) : A positive inte
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RFX Pivot Points
RFX Pivot Points
Rasoul Mojtahedzadeh
RFX Pivot Points indicator shows the classical and Woodie daily support and resistance levels with alerting the trader whenever the market price approaching one of these levels. At the beginning of each trading day, the indicator automatically updates the levels and draws the levels on the new day period. The user can set the indicator to pop up an alert message , an email message and/or a mobile notification whenever the price reaches one of these levels. Additionally, the user can specify in t
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RFX Daily Range Forecast
RFX Daily Range Forecast
Rasoul Mojtahedzadeh
RFX Daily Range Forecast employs neural network as function estimator to forecast the range of each trading day. The indicator basically forecasts daily high and low with confidence levels of the forecast values to represent the uncertainty in the prediction. At the open of each D1 candle, the neural network outputs the high, low and uncertainty of these two values for the day. These levels can be used by day traders to implement different strategies based on the forecast levels. The indicator a
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RFX Delta Volume
RFX Delta Volume
Rasoul Mojtahedzadeh
Note: This indicator cannot be tested in the strategy tester. Please download the free demo version from   https://www.mql5.com/en/market/product/48627 RFX Delta Volume is an indicator to show bullish and bearish volumes separately for each trading candle. The indicator uses history data of one minute (M1) to estimate the true bullish and bearish volumes in a sub-window. There are two modes of operations for this indicator. In mode "Delta Volume", the indicator shows the difference in bullish a
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RFX Load History
RFX Load History
Rasoul Mojtahedzadeh
This is a library that enables an easy way of downloading M1 history data from brokers. The interface has been written to be as easy and intuitive as possible. There is only one function that the user needs to call in order to fetch all available M1 data from brokers servers. The function has three arguments, the symbol and time frame of interest and the number of look back candles for which the M1 data need to be fetched. It should be noted that as the number of look back candles increases, the
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RFX Candlestick Patterns
RFX Candlestick Patterns
Rasoul Mojtahedzadeh
RFX Candlestick Patterns indicator enables traders with using one of the most popular price action methods in their trading strategies. This indicator automatically recognizes a set of popular bullish and bearish patterns to trade. The indicator implements a filter to eliminate a set of non-promising patterns. You can select which patterns to be recognized by the indicator. Here is the list of the patterns: Bullish / Bearish   3-Candle Reversal Bullish / Bearish   3-Inside Candles Bullish / Bear
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RFX5 Forex Strength Meter
RFX5 Forex Strength Meter
Rasoul Mojtahedzadeh
RFX Forex Strength Meter is a powerful tool to trade 8 major currencies in the Forex market, U.S. Dollar ( USD ) European Euro ( EUR ) British Pound ( GBP ) Swiss Franc ( CHF ) Japanese Yen ( JPY ) Australian Dollar ( AUD ) Canadian Dollar ( CAD ) New Zealand Dollar ( NZD ) The indicator calculates the strength of each major currency using a unique and accurate formula starting at the beginning of each trading day of your broker. Any trading strategy in the Forex market can be greatly improved
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RFX5 Trendometer
RFX5 Trendometer
Rasoul Mojtahedzadeh
Identifying the trend of the market is an essential task of traders. Trendometer implements an advanced algorithm to visualize the trend of the market. The major focus of this indicator is to evaluate the market in the lower time frames (i.e., M1, M5 and M15) for the scalping purposes. If you are a scalper looking for a reliable indicator to improve your trade quality, Trendometer is for you. The indicator runs on a separate window showing a histogram of red and green bars. A two consecutive gre
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RFX5 Trend Follower
RFX5 Trend Follower
Rasoul Mojtahedzadeh
RFX5 Trend Follower  predicts the start and end of a trend in the market. The indicator eliminates the noise in the market and visualize the current trend. The indicator can be used on any time frame of interest. It is designed to help traders to make better decisions for both entries and exits. The input settings of the indicator are flexible and the trader can set up to which percentage of change in the market they prefer the indicator to filter. Input Settings Period (min. 10) : A positive in
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RFX5 EasyTrade
RFX5 EasyTrade
Rasoul Mojtahedzadeh
RFX5 EasyTrade  is a professional panel to make your trades as easy as possible. You can perform scalping by acting fast and efficient. You can draw a box or a trend line and let RFX5 EasyTrade to catch a breakout and manage the trade automatically. You can set pending orders and set Order-Cancels-Order easily. If you are a fan of Martingale strategy just set a few settings on the panel and let RFX5 EasyTrade to automatically manage the trades. You can trade based on time without waiting long ti
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RFX5 Pivot Points
RFX5 Pivot Points
Rasoul Mojtahedzadeh
RFX5 Pivot Points  indicator shows the  classical  and  Woodie  daily support and resistance levels  with alerting  the trader whenever the market price approaching one of these levels. At the beginning of each trading day, the indicator automatically updates the levels and draws the levels on the new day period. The user can set the indicator to pop up an  alert message , an  email message  and/or a  mobile notification  whenever the price reaches one of these levels. Additionally, the user can
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Dmytr Npwmnysz״
1493
Dmytr Npwmnysz״ 2018.04.22 02:33 
 

nice work

Richard Caughell
1451
Richard Caughell 2014.06.20 22:56 
 

This is a solid indicator, I personally trade 30 minute expiry binary options and this indicator helps a lot, to determine trend. It can really help out also to show trend vs consolidation!!!. The optimization brings out the true colors of the RSI

Reply to review
Version 3.22 2020.03.23
- Improves performance
Version 3.21 2016.01.04
- Template artifacts problem solved.
Version 3.2 2015.12.02
- Now the user can attach more than one instance of the indicator to the same chart.
- Overbought and Oversold levels are drawn by the indicator in different colors..
Version 3.1 2015.07.16
- Arrow size can be set by a user.
Version 3.0 2015.01.30
- A significant improvement in the algorithm.
Version 2.80 2014.09.16
- Mobile Notifications
- Email Notifications
Version 2.60 2014.07.21
- Now user can change overbought/oversold thresholds.
- Alert and signal arrows bugs fixed.
Version 2.50 2014.07.17
- Shows BUY/SELL signal arrows on the bar chart.
- Pops up an alert window when a BUY/SELL signal is generated.
- The user can enable/disable above features.
Version 2.30 2014.07.01
- Highlights overbought and oversold areas with different colors.
- RSI Period is now shown in the indicator short name.
- You can change the applied price of the RSI indicator.
- New set of input parameters.
Version 2.0 2014.05.28
The adaptive RSI algorithm has been improved. Now, the algorithm performs optimization over past bars with different RSI periods to find the best RSI period for the calculation of the current bar. Due to heavy optimization calculations, it takes more time to process past bars, but represents overbought/oversold areas more accurate for trading signals. The threshold parameter has been omitted, and hence the indicator is now working fully standalone.