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Old 06-22-2007, 01:43 PM
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Lightbulb RSI of Moving Average
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.
Attached Images
File Type: gif rsioma.gif (44.5 KB, 7425 views)
Attached Files
File Type: mq4 RSIOMA.mq4 (4.5 KB, 2215 views)
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Last edited by Kalenzo; 06-22-2007 at 05:51 PM. Reason: Title change - just cosmetics
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Old 06-22-2007, 04:05 PM
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Very interesing and thanks for sharing Kalenzo, I will take a look..
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Old 06-22-2007, 04:12 PM
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Very nice work, Kalenzo!
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Old 06-22-2007, 04:33 PM
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Great work kalenzo :-)
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Old 06-22-2007, 05:10 PM
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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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Old 06-22-2007, 05:13 PM
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Nice work Kalenzo (that's not a surprise though).

Thanks for sharing.

One question only (probably obvious).
Is the buy signal the 80 line crossing and the sell, the 20 line crossing?
Last edited by ssotiro; 06-22-2007 at 05:41 PM.
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Old 06-22-2007, 05:53 PM
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Quote:
Originally Posted by ssotiro View Post
Nice work Kalenzo (that's not a surprise though).

Thanks for sharing.

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.
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........................................
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Last edited by Kalenzo; 06-22-2007 at 05:55 PM.
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Old 06-22-2007, 06:29 PM
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Really nice work, Kalenzo!

I am just looking for a good trend indicator, so I do appreciate you sharing it with Forex-TSD community

Regards,

Chrisstoff
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Old 06-22-2007, 07:51 PM
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Question
Thanks Kalenzo

What does it mean "main trend long= 50" and the same for short??
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Old 06-22-2007, 08:13 PM
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Quote:
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Thanks Kalenzo

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.
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