Lemyx, Thank you very much for this ARSI . I`m looking from long time for it and you`ve found it. Appreciate! Seems I`m more stupid than I know . It looks like this one in fxcm.com and I hope is the same. About ARSI there is not too much to explain. The line of ARSI always follows the main trend. Usually ARSI is not making mistake when the trend is just making normal correction and continues in the main trend direction. You`ve got buy/sell signals when ARSI line definitely changes direction (sharply or rounded). You must decide for yourself how much is “definitely” – this is the “trigger_spacing”. Do NOT look for divergence signals – this is not oscillator. There`s NOT overbought/oversold levels. Actually ARSI line follows the trend like Exponential Moving Average, but is many times much superior because it can sharply changes direction and give buy/sell signals IN TIME. When I trade manually I use ARSI to avoid the fake signals given by Stochastic. ( For example if ARSI line definitely is going up, I`ll never open short position based on signal by Stochastic). Of course I also take care about the news and etc.
I want to explain why I suggest to use ARSI instead RSI in PipMaker_V13: First – the biggest profit is in the lower TF, so let`s try to arrange the things for M1. Unfortunately as you know M1 is very capricious TF, so the only one indicator I know who can give nice signal IN TIME for M1 is ARSI. That`s my opinion. Appreciate yours!