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RSI Entry Points

5

RSI Entry Points is the upgrade of the standard RSI indicator to avoid lagging. Indicator draws the clouds and the arrows to have clear picture where price is and what to wait for. Why standard RSI is lagging? because mostly we do not use it correctly and it is with very weak visual flexibility, less informative. With my current upgrade I tried to Fix both problems same time and I got much better results and more exact entries than standard RSI has. I Made RSI line Dynamic, it gets more flexible when market is in a low volatile mode and less flexible when market goes in high volatile mode. (mean when there is sharp one side movements it is getting more difficult to go in oversold or overbought zones which is the KEY for making RSI Entries much more exact! To make yourself sure check out the screens and the video of the backtest of indicator entries with EA built based on it. Here is EA, so now you can backtest current profitable set files which are uploaded in discussion section or optimize parameters for different pairs by yourself: https://www.mql5.com/ru/market/product/69276

Indicator shows clouds up and down for detecting full zone of the market one side movement, at the end of each cloud indicator shows Entry Arrows. The end of the cloud is the end of the trending phase and showing neutral phase where is much more chanse to enter market in time and catch new full wave. So this have 2 positive sides: 1) We avoid entering too early wich is the reason of false entries and we get Draw downs (the definition of lagging). and 2) We catch full movement because the Entry is the Exit of previous possition, what means we caught it fully! To understand more clearly check the screens, watch the video and use it live :)

Default Settings after upgrade are for USD/CHF H4 Chart!

 https://www.youtube.com/watch?v=QsDyMWKJLGo 

 https://www.youtube.com/watch?v=2rgnNtSY-mw

Also for some profitable parameters Feel Free to PM me

RSI Entry Points contain next parameters built in:

rsiPeriod: standard period of the rsi indicator.

rsiPrice: close price is used as default.

rsiSellProof: level wich is needed to cross first from down to up wich is proof for Sell red Arrows.

rsiSellCross: level wich is needed to cross after the proof from up to down for Sell arrow confirmation. 

rsiBuyCross: level wich is needed to cross after the proof from down to up for Buy arrow confirmation.

rsiBuyProof: level wich is needed to cross first from up to down wich is proof for Buy green Arrows.

feel free to ask questions in comments section or PM. Good Luck.


Avis 8
wuzzy66
886
wuzzy66 2022.08.19 18:16 
 

brilliant indicator accurate another efficient indicator if you want to catch more pips this another effective indictor to your trading system a must have author very helpful and fast response a must have

Juan Feliciano
1722
Juan Feliciano 2022.06.10 04:32 
 

Very Responsive Author

Irfan
920
Irfan 2021.06.08 12:31 
 

This indicator looks promising. Davit has shared his results and provided his own profitable input parameters for the pairs he has used so far. He is very approachable and responds in a timely manner to all of the queries. Thumbs up!

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Filtrer:
wuzzy66
886
wuzzy66 2022.08.19 18:16 
 

brilliant indicator accurate another efficient indicator if you want to catch more pips this another effective indictor to your trading system a must have author very helpful and fast response a must have

Davit Beridze
6765
Réponse du développeur Davit Beridze 2022.08.19 18:17
thanks wuzzy66 :) I am happy to be helpful
Juan Feliciano
1722
Juan Feliciano 2022.06.10 04:32 
 

Very Responsive Author

Davit Beridze
6765
Réponse du développeur Davit Beridze 2022.08.07 10:31
thanks Juan!
rodd cameron
40
rodd cameron 2021.10.23 03:38 
 

Hi davit how do i pm you. what i mean is how to email you.

Uldis Rakvics
179
Uldis Rakvics 2021.07.01 19:24 
 

Hello my fellas traders if u hesitate your self to buy this indicator or not then don't because this is one of the best indicators I ever had and specifically if u are newbie I would put this indicator as numb 1 easy understandable esay to set up end very good support from developer Davit long story short very very good indicator Many thanks Davit for this great indicator people like u makes traders life much easier

Davit Beridze
6765
Réponse du développeur Davit Beridze 2021.07.01 19:29
Thanks Uldis
Irfan
920
Irfan 2021.06.08 12:31 
 

This indicator looks promising. Davit has shared his results and provided his own profitable input parameters for the pairs he has used so far. He is very approachable and responds in a timely manner to all of the queries. Thumbs up!

Davit Beridze
6765
Réponse du développeur Davit Beridze 2021.06.08 12:48
Thanks Irfan. you are welcome.
Juan Arturo Colon Norat
247
Juan Arturo Colon Norat 2021.06.08 02:46 
 

Excellent Indicator for trading. Simple to use and produces extremely profitable results. I have used this indicator alone and in combination with other indicators. Both approaches gave me opportunities for profitable trades as well. Definitely recommended for any technical traders that are beginners and/or experts. Though, even fundamental traders can use it as a confirmation tool for long trends.

Davit Beridze
6765
Réponse du développeur Davit Beridze 2021.06.08 09:14
thanks for nice review
Robert
629
Robert 2021.06.02 15:55 
 

Another good indicator by Davit. The indicator does a good job with picking the entries. It is a great indicator to add to your system. Keep up the good work Davit

Davit Beridze
6765
Réponse du développeur Davit Beridze 2021.06.03 10:23
Thanks Robert :) I am very happy to be usefull
surebethere123
208
surebethere123 2021.06.02 09:38 
 

Author is responsive to my questions and gave some advice on how i can trade better. Indicator load up perfectly and is very profitable base on backtest. Good for EU scalping on m5.

Davit Beridze
6765
Réponse du développeur Davit Beridze 2021.06.02 09:39
thanks for nice feedback!
Répondre à l'avis
Version 1.5 2021.07.08
Default parameters are compiled. It is for USD/CHF H4. all other parameters you will see in screenshots or comments section from 2021.07.09
Version 1.4 2021.07.07
Current upgrade contains next possibilities:
1) Now RSI Line is dynamic I tried to adapt the RSI Line Flexibility to the Market Sharpnes, if market volatility rises up RSI line gets less sensitive and it is getting difficult to go in oversold or overbought zones, if market volatility slows down RSI line gets more sensitive and flexible :) this way indicator Entrys got much more exact!
2) now we have one another volatility filter with its own timeframe so there is possible to fix the volatility start on the starter period as well. but thats not about the RSI line thats just to filter out wrong arrows.
3) Now there is possible to show one (first) arrow per directiononly :) mean if you make that function true you will see only one arrow each direction.
4) also there is possible to filter out arrows with way showing only that which are only above the last Sell arrow in case of sell arrows and only belowe the last Buy arrows. (so we do not see arrows in case if last signal is in profit)
5) all new functions is possible to turn on or off (true/false)
Version 1.2 2021.06.03
bug fix with notifications
Version 1.1 2021.06.03
notifications fixed, now it will send notifications when candle is closed