Hi!

I am quite newbee into all this. Have been practising FOREX on Demos.Have come to know and understand the indicators and while fiddling around with them, i noticed something.I dont know if it is old stuff.

It can be handy in eliminating having many indicators saying the same thing.

What i noticed is price crossing a Moving Average (smoothed) is same as RSI (the value of the Moving Average) crossing its 50th level.

For example price crossing MA21(smoothed) = RSI 21 crossing its 50th level

You can try with other MA(smoothed) and RSI of MA value. It gives the same indications.
You can also try diff Time Frames. It all says the same.

Hope this helps in coding or programming EAs.

See attachment. Have plotted a few examples.

victor

Attached Images

example.gif (19.0 KB, 299 views)

RSI code:


rel=Close[i]-Close[i+1];
if(rel>0) sump=rel;
else sumn=-rel;
positive=(PosBuffer[i+1]*(RSIPeriod-1)+sump)/RSIPeriod;
negative=(NegBuffer[i+1]*(RSIPeriod-1)+sumn)/RSIPeriod;
}
PosBuffer[i]=positive;
NegBuffer[i]=negative;
if(negative==0.0) RSIBuffer[i]=0.0;
else RSIBuffer[i]=100.0-100.0/(1+positive/negative);

Attached Images

rsi 60.gif (22.8 KB, 174 views)

Hello,
while this looks ok after the fact , what would you do about those
yellow circle false signals that could be easily in question with this chart set up without at least some other confirmation ?
Will ya wait until bar close ?
Also during live feed RSI will swing below and back up or vice versa quite few times in this picture where it touch exactly the 50% line.
If just indicators are that easy
Sincerely,
ChampionFx

Attached Images

exampleHHHH.bmp (429.2 KB, 166 views)

rsi14 rsi34 X50 -- SmMA14 SmMA34X filter
(rsi on open bar dansing - like a very lot )

Attached Images

rsi x 50 lwma2.gif (25.7 KB, 141 views)

rsi crosses W smmas dir filter
(strat tester shows - god, what a nerve wreck...:/)

Attached Images

	rsi x 50 lwma3.gif (23.7 KB, 134 views)
	rsi x 50 smma5.gif (27.3 KB, 104 views)
	rsi sq ma3.gif (29.0 KB, 65 views)