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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.
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........................................ http://www.fxservice.eu/
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Last edited by Kalenzo; 06-22-2007 at 06:51 PM.
Reason: Title change - just cosmetics
Great! I'm glad you all like it, let's tweak the best setup for this indciator, maybe a coleration of a few setups?
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You need proffesional mql coder? Contact me! I will help you!
........................................ http://www.fxservice.eu/
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One question only (probably obvious).
Is the buy signal the 80 line crossing and the sell, the 20 line crossing?
Yes, those are the levels marked by magenta and dodger blue color on histogram.
__________________
You need proffesional mql coder? Contact me! I will help you!
........................................ http://www.fxservice.eu/
........................................
What does it mean "main trend long= 50" and the same for short??
You see that histogram in the bottom of the indicator?
There are red and green bars, those bar indicates main trend. The main trend is defined by rsioma position according to buy/sell level. If both are set to 50 then if rsioma is > 50 the bars will be green, otherwise they will be red. But you can specify the levels for each long and short trend, eg. when rsioma will pass 70 level draw green bars and when rsioma will be lower than 30 draw red.
__________________
You need proffesional mql coder? Contact me! I will help you!
........................................ http://www.fxservice.eu/
........................................
RSI of Moving Average
Linear Mode
