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For those who's got problem with RSI (showing only red bars) , at least that's how i solved it. U have to check the source code for the right symbol. At the very end of the Riffster_RSI code there is a "switch" to chose between currencies. If the name in the code doesn't mach with the currencies name in the MetaTrader's marketWatch then it will draw only red bars...
For those who's got problem with RSI (showing only red bars) , at least that's how i solved it. U have to check the source code for the right symbol. At the very end of the Riffster_RSI code there is a "switch" to chose between currencies. If the name in the code doesn't mach with the currencies name in the MetaTrader's marketWatch then it will draw only red bars...
Yeah, I stated that in the very first post of this thread, but I think a few folks over-looked that setting in the indicator. I didn't code the original version of the rsi indicator. There is probably a better way to handle that internally. I'll try to recode a solution, but I'm not a great coder. Anyone wanna help with the code?
Ok, I figured out the issue. It was the way that the indicator_colors were being handled (or not being handled, that was the issue). The new files are posted here and at the head of this thread.
I thought it might be more interesting if I periodically post the poll results so we can see how it evolves over time (I'm very surprised to see RSI in the lead?)
Stats as of 09.23.2009
MA's 10 41.67%
RSI 11 45.83%
MACD 6 25.00%
ATR 2 8.33%
Stoch 5 20.83%
CCI 6 25.00%
Ichimoku 5 20.83%
Bollinger Bands 4 16.67%
Elliot Waves 2 8.33%
I code my own 6 25.00%
For those who's got problem with RSI (showing only red bars) , at least that's how i solved it. U have to check the source code for the right symbol. At the very end of the Riffster_RSI code there is a "switch" to chose between currencies. If the name in the code doesn't mach with the currencies name in the MetaTrader's marketWatch then it will draw only red bars...
Yeah, the new version of the RSI indicator fixed this issue. It uses the current chart as the default (like a normal indicator)
Like most technical indicators, this one lags a bit (MA based), so wait for a pullback before entry. Yes, you might miss a couple trades, but the over-all improvement in your P&L is worth the trade off. I like to use ATR's to calculate the pullback (0.4 x the 1hr ATR seems to work well).
HI 4x, thx for the system, and I would like to know what makes your trend arrow pop up? is it base on MA cross or pivot cross..? waiting for your reply. thx
HI 4x, thx for the system, and I would like to know what makes your trend arrow pop up? is it base on MA cross or pivot cross..? waiting for your reply. thx
The code explains much better, but it's basically a hybrid MA cross. The MA's are cooked from scratch for more control over the math. These settings set the level for the 2 indicators that generate the entry:
extern int firstback=120;
extern int secondback=90;
i.e. lower settings create faster MA's resulting in more signals. The 120/90 seems to filter out "most" of the head fakes. However, if we could find a better filter (other than the RSI), we could use much lower settings and potentially find more trades...
RSI red bars solution
U have to check the source code for the right symbol. At the very end of the Riffster_RSI code there is a "switch" to chose between currencies. If the name in the code doesn't mach with the currencies name in the MetaTrader's marketWatch then it will draw only red bars... 
RSI indicator fixed
Linear Mode
