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  #11 (permalink)  
Old 06-23-2007, 01:20 AM
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hi

Quote:
Originally Posted by Kalenzo View Post
Hello Traders!
I want to introduce my new Friday invention!
It is RSI of Moving Average. I thought that this can be a very nice trend identifier. But test it for your self. I hope it will be helpfull.
Great Thanks for share..

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  #12 (permalink)  
Old 06-23-2007, 02:02 AM
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Excellent work !!!!

Thanks for sharing, I am a strong fan of RSI indicator and MAs, This one rocks!! I will try to use it and I will let you know how it work for live trading.
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  #13 (permalink)  
Old 06-23-2007, 07:47 AM
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Kalenzo,

Thank you for sharing your indicator. Very nice!
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  #14 (permalink)  
Old 06-23-2007, 02:56 PM
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hi, Kalenzo!
please, a few words about MA plot and idea behind it
Attached Images
File Type: gif arsioma2.gif (27.5 KB, 3460 views)

Last edited by fxbs; 06-23-2007 at 03:06 PM.
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  #15 (permalink)  
Old 06-23-2007, 03:24 PM
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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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  #16 (permalink)  
Old 06-24-2007, 02:02 AM
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Quote:
Originally Posted by Kalenzo View Post
Hello Traders!
I want to introduce my new Friday invention!
It is RSI of Moving Average. I thought that this can be a very nice trend identifier. But test it for your self. I hope it will be helpfull.
I like.

When you have a reversal and strong trend the indicator stays with the trend, unless common rsi that starts yo-yo phase or points to reversal.

Remembering a Tom Hartle Article about this problem of continuous OB/OS when strong trends, I just set the levels with a different value to act in a different way, as choppy market or pullback zone.

Can I suggest to add one input that helps to change the levels color without rewrite the code. SetLevelStyle overrides any change.

(SetLevelStyle(int style , int width, int color)

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  #17 (permalink)  
Old 06-24-2007, 08:10 AM
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thanks

Thanks a lot Kalenzo, it help me to see the EXIT
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  #18 (permalink)  
Old 06-24-2007, 10:51 AM
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Excellent work Kalenzo,thanks.

The article in the below link caught my attentıon please have a look.According to this article, how about taking the relative strength of two different moving average?

Trader.Online.pl® - MetaStock™ Zone - Moving Average of Relative Strength Trading System
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  #19 (permalink)  
Old 06-24-2007, 12:16 PM
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arsioma bells&wissles

interesting idea, Kalenzo, do it beckwards...hell not standard
i see soon we gonna add all bells and wissels,- hook it to zlgma, lsma, jma, satl, etc; xpma has switching options
4 now, some mods 2 make it more user-friendly, tell me what you think:

------------------------------------------------
Not an ind. , just pieces of code!

#property indicator_separate_window
#property indicator_minimum -10
#property indicator_maximum 103
#property indicator_buffers 5
#property indicator_color1 Blue //RSIBuffer
#property indicator_color2 Red //bdn
#property indicator_color3 Green //bup
#property indicator_color4 Magenta //sdn
#property indicator_color5 DodgerBlue //sup
#property indicator_width1 2
//#property indicator_width2 1
#property indicator_width4 2
#property indicator_width5 2
#property indicator_levelcolor Goldenrod
#property indicator_level1 80
#property indicator_level2 50
#property indicator_level3 20

//---- input parameters
extern int RSIOMA = 14;

extern color RSIBufferColor = Blue;
extern color BdnColor= Red;
extern color BupColor = Green;
extern color SdnColor = Magenta;
extern color SupColor = DodgerBlue;

extern string note1 = "RSIOMA Levels";
extern int BuyTrigger = 80;
extern int SellTrigger = 20;
extern int MainTrendLong = 50;
extern int MainTrendShort = 50;
//extern color LevelColor = Yellow;


//---- buffers
double RSIBuffer[];
double PosBuffer[];
double NegBuffer[];

double bdn[],bup[];
double sdn[],sup[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- 2 additional buffers are used for counting.


IndicatorBuffers(7);

SetIndexBuffer(0,RSIBuffer);
SetIndexBuffer(1,bdn);
SetIndexBuffer(2,bup);
SetIndexBuffer(3,sdn);
SetIndexBuffer(4,sup);

SetIndexStyle(0,DRAW_LINE, RSIBufferColor);
SetIndexStyle(1,DRAW_HISTOGRAM,BdnColor);
SetIndexStyle(2,DRAW_HISTOGRAM,BupColor);
SetIndexStyle(3,DRAW_HISTOGRAM,SdnColor);
SetIndexStyle(4,DRAW_HISTOGRAM,SupColor);

SetIndexLabel(0,"RSIOMA");
SetIndexLabel(1,"Bdn");
SetIndexLabel(2,"Bup");
SetIndexLabel(3,"Sdn");
SetIndexLabel(4,"Sup");

SetIndexBuffer(5,PosBuffer);
SetIndexBuffer(6,NegBuffer);

short_name="RSIOMA("+RSIOMA+")";
IndicatorShortName(short_name);

SetIndexDrawBegin(0,RSIOMA);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Relative Strength Index |
//+------------------------------------------------------------------+
int start()
{
SetLevelValue(0, BuyTrigger);
SetLevelValue(1, SellTrigger);
SetLevelValue(2, MainTrendLong);
SetLevelValue(3, MainTrendShort);
// SetLevelStyle(STYLE_DOT, 1,LevelColor );
// SetLevelStyle(STYLE_DOT, 1,Yellow );



int i,counted_bars=IndicatorCounted();
double rel,negative,positive;

--//-- Not an ind. , just pieces of code!
Attached Images
File Type: gif arsioma3.gif (27.8 KB, 3407 views)

Last edited by fxbs; 08-01-2007 at 03:52 AM.
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  #20 (permalink)  
Old 06-24-2007, 02:41 PM
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Quote:
Originally Posted by mystified View Post
Excellent work Kalenzo,thanks.

The article in the below link caught my attentıon please have a look.According to this article, how about taking the relative strength of two different moving average?

Trader.Online.pl® - MetaStock™ Zone - Moving Average of Relative Strength Trading System
Interesting, however in this article they used moving average of rsi, and my indicator is rsi of moving average This is totaly different. But as fxbs said probably it would be good idea to have rsi of couple different moving averages Isn't it ? Well I will prepare some in next week, including description how to create your own custom rsioma (if someone will not do it before me) But now we have a weekend time and I'm going to party now! So take care Traders!!! See you tommorow!
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