TrueRSI

Built-in RSI indicator has an error in the algorithm.

I spotted the error while working on a modified RSI where i needed the original algorithm with special input

I started with the official formula and were having different curves from the built-in indicator.

after thinking I had made a mistake in the algorithm, I realized the orginal indicator is wrong by looking at the code.


So here is the real RSI, computed from the original formula, so you know it's the real indicator.

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Jean Francois Le Bas
4 (1)
9 out of 10 copies left at $100 after that price will double ($200) ! so hurry This indicator is a mean-reversal type of indicator. Meaning it will not follow a trend but rather make profit from a change in price direction, when the price extends from it mean, but to come back to it later on. This indicator is 100% NON REPAINT and will not redraw its arrows once they appear. Each arrow is drawn at the close of the candle, not during the life of the candle. No parameters, only alert parameters.
Focus
Jean Francois Le Bas
This indicator is profitable on 28/28 forex pairs on H1 timeframe WITHOUT SPREAD. You need to substract the spread to the profit amounts shown The code is robust with a high chance to continue being profitable no matter how the price action evolves.  But profitable on 28 pairs doesn't mean you should trade all the pairs all the time:  On less popular ones, liquidity is low, so spread will usually be high and will eat all the profits. You have to be careful and trade only when the spread is low
Early Trends
Jean Francois Le Bas
Early Trends finds trends early, when price is still squeezed inside price action, which is the best time to spot a trend. When the price action makes higher highs or lower lows within the first bars back, while no HH or LL has been triggered on higher period bars back, then a trend is potentially beginning You can also take signals only in the direction of the trend, with the trend filter. Many parameters : Number of Bars Displayed Number of Bars Back HHLL Number of Bars Back Multiplier Period
Top G Arrows
Jean Francois Le Bas
"TOP G ARROWS"    shows price reversal points designed for scalping and intraday trading. Contains internal reversal filters (ATR, HHLL, RSI). Can be used on all time frames and trading instruments. Can be used on M1, M5, M15 time frames for scalping or M30, H1, H4 for intraday trading, Recommended for M30 and H1. The arrows are built on candle close (appears on previous bar at the open of the new candle)
Equilibrium MA
Jean Francois Le Bas
This indicator cuts right through the price, in a straight line 100% non repaint, you get a new value at the opening of each new bar It is perfect for mean reversal strategies : open far from the line and close when the price touches the line It works really well for mean reverting pairs specially (CHF, NZD). It has absolutely no lag when there is a sudden move up or down and follows trend exactly ! This indicator should be a must have tool in the toolbox of every trader
The Hodrick-Prescott filter is a well known filtering algorithm Perfect for offline jobs it lacks realtime capabilities that are necessary in trading This is a first time a causal Hodrick-Prescott filter has been made I was able to successfully make a causal (realtime) version of the Hodrick-Prescott algorithm which keeps the lag to a minimum as you can see on the screenshots, it is really responsive to sharp changes while retaining a high smoothing ability, making it one of the best smoothers
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