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Old 06-23-2007, 03:24 PM
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Kalenzo Kalenzo is offline
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Join Date: Dec 2005
Location: Bydgoszcz - Poland
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Quote:
Originally Posted by fxbs View Post
hi, Kalenzo!
please, a few words about MA plot and idea behind it
Hi!
Well your second chart (rsi ploted on rsioma) looks nice. Maybe I will prepare some modification in the next week. Well the idea behind this indicator is that average RSI takes price to calculate it values (rsi values) eg. Close price. I changed the close price for exponential moving average. So when you put 14 period or rsioma it takes not close value but value of 14 period exponential moving average. And the rest - the color - green / red depends from main trend levels and the other pink and blue from buy /sell triggers. I hope this description put some light on the logic of rsioma
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