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Moving Average RSI
Hi All,
I have just switched over from VTrader to Metatrader, and have searched for a while for an indicator called "Moving Average RSI", but no luck so far. This MARSI indicator works quite well to identify trend as well as getting good entry. Here is the formula that I copy from VTrader: ===================== rsi_r:= (CLOSE - ref(CLOSE,-1)); rsi_rs := Wilders(if(rsi_r>0,rsi_r,0),tpr) / Wilders(if(rsi_r<0,Abs(rsi_r),0),tpr); RS:= 100-(100/(1+rsi_rs)); { Moving Average of Relative Strength Index} MA1:=MOV(RS,MA1pr,E); MA2:=MOV(RS,MA2pr,E); ===================== The attached capture screen shows the look of the indicator. Does anyone have idea where to find this indicator or something similar for Metatrader 4 ? Thanks MARSI.jpg |
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Heres an arrow that shows the MA RSI cross
For visual -- you can simply add the RSI -- then drag a MA on top of it and chose "Previous Indicator Data" on the drop down that says "Apply To" Last edited by kiwigold; 10-16-2006 at 05:10 PM. |
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RSI & MA's
Quote:
Here are 2 RSI's one with a FIB curve and the other with a double MA RSI MA Signal.mq4 T3_RSI.mq4 |
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It looks nice and simple...clear signal..
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I want an indicator that plot on chart , crossing of two moving averages of RSI . but it has the following choice:
1- the choice of kind of moving avarages ( simple, smoothed, exponential , linear weithed) 2- shifting of moving averages 3-choice of previous or first indicator I am wondering if somebody could write the indicator . I realy appreciate your concern |
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