Before applying this preset ,make sure you have enough historical data in particular timeframe and symbol.My preset have 10000 bars in Lookback
period,so you should have 10000 bars in any timeframe & symbol.
What minimum number of chart bars would be good to use for this indicator to work correctly ?
Thanks
Hi Aravind, Since Market is tends to have higher weightage to recent historical events. It is good to use 1000-2000 bars. Consider if you're a successful price action trader who trades manually ,on this case he will scroll back to max 1000-2000 bars to identify the momentum and place a trade. So, in our case, it is done by rsi decoder by comparing with rsi and price. On cross validating with respect to support and resistance, it works great.
if you're facing any errors or issues ,pls let me know.
congratulations for the RSI-DECODER indicator I love to work with this indicator and having an evaluation of the probability of reversal is very important ..
But I would like to know some things ..
1) I'm trying to integrate RSI-DECODER in one of my expert advisor, I would like to know what Value 3 is (See image 1)
2) I would like to know if in a later version it will be possible to change the colors of the box (See image 2)
3) I would like to know if in a later version it will be possible to add levels 70 and 30 to the indicator window because after confirmation they disappear ..
4) I would like to know if in a later version it will be possible to change the size or minimize the dashboard and fonts because if I have to integrate this indicator in a trading system it is very large ..
congratulations for the RSI-DECODER indicator I love to work with this indicator and having an evaluation of the probability of reversal is very important ..
But I would like to know some things ..
1) I'm trying to integrate RSI-DECODER in one of my expert advisor, I would like to know what Value 3 is (See image 1)
2) I would like to know if in a later version it will be possible to change the colors of the box (See image 2)
3) I would like to know if in a later version it will be possible to add levels 70 and 30 to the indicator window because after confirmation they disappear ..
4) I would like to know if in a later version it will be possible to change the size or minimize the dashboard and fonts because if I have to integrate this indicator in a trading system it is very large ..
Before applying this preset ,make sure you have enough historical data in particular timeframe and symbol.My preset have 10000 bars in Lookback period,so you should have 10000 bars in any timeframe & symbol.
Hello Philip Pankaj,
What minimum number of chart bars would be good to use for this indicator to work correctly ?
Thanks
Hello Philip Pankaj,
What minimum number of chart bars would be good to use for this indicator to work correctly ?
Thanks
Hi Aravind, Since Market is tends to have higher weightage to recent historical events. It is good to use 1000-2000 bars. Consider if you're a successful price action trader who trades manually ,on this case he will scroll back to max 1000-2000 bars to identify the momentum and place a trade. So, in our case, it is done by rsi decoder by comparing with rsi and price. On cross validating with respect to support and resistance, it works great.
if you're facing any errors or issues ,pls let me know.
Hi Max,
Thank you for supporting this project.
1.It's rsi value.
2,3.Sure I'll add those in coming update.
4.I'll add dashboard display True/False function.
Best Regards
Phil
Hi Max,
Thank you for supporting this project.
1.It's rsi value.
2,3.Sure I'll add those in coming update.
4.I'll add dashboard display True/False function.
Best Regards
Phil
Added an Update version 1.1.
RSI DECODER EA v1 on Custom Request of Olivier Nomblot
Read Me:
1.Place RSI DECODER INDICATOR ex4 file in Market folder.
2.Place RSI DECODER EA ex4 file in Expert folder.
EA Attached Below
RSI DECODER EA v1 on Custom Request of Olivier Nomblot
Read Me:
1.Place RSI DECODER INDICATOR ex4 file in Market folder.
2.Place RSI DECODER EA ex4 file in Expert folder.
EA Attached Below
Thank you : much appreciated
RSI DECODER EA v1 on Custom Request of Olivier Nomblot
Read Me:
1.Place RSI DECODER INDICATOR ex4 file in Market folder.
2.Place RSI DECODER EA ex4 file in Expert folder.
EA Attached Below
Version 1.0 with Magic Number Trade management.
Version 1.0 with Magic Number Trade management.
Version 1.0 Tested and Verified File.
Version 2.0