Hi All,

I have just switched over from VTrader to Metatrader, and have searched for a while for an indicator called "Moving Average RSI", but no luck so far. This MARSI indicator works quite well to identify trend as well as getting good entry. Here is the formula that I copy from VTrader:

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rsi_r:= (CLOSE - ref(CLOSE,-1));
rsi_rs := Wilders(if(rsi_r>0,rsi_r,0),tpr) / Wilders(if(rsi_r<0,Abs(rsi_r),0),tpr);
RS:= 100-(100/(1+rsi_rs));

{ Moving Average of Relative Strength Index}

MA1:=MOV(RS,MA1pr,E);
MA2:=MOV(RS,MA2pr,E);
=====================

The attached capture screen shows the look of the indicator. Does anyone have idea where to find this indicator or something similar for Metatrader 4 ?

Thanks

MARSI.jpg