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I put this together after copying it mostly from ForexFreedomBars by Eli Hayun. It now compares the EMA of two RSI values on four time frames and plots a blue or red square depending on whether there is a buy or sell signal. When the signals line up on all four time frames then you enter a trade. I think this indicator can repaint the current bar so signals should only be on completed bars. You can specify the EMA period for both RSI values or if you set those values to 0 it will take the RSI_Period value as it's EMA period. Let me know what you think.
Update: Noticed a little bug where I hadn't defined two separate oldRSI variables. Have fixed it and uploaded the new version. Anyway this makes the results more accurate = )
Would it be very hard to make an adaptive RSI version of this indi?
what is your meant exactly ?
if you want to change the RSI period , only need right clicking on the indicator and then click the properties , then change the period number on the parameters tab.
So i've been looking into the RSI Spread indicator requested by Pinwheel and coded by Shinigami. I think there could be something there. I modified the indi to display RSI price type as well.
The indi doensn't refresh properly, however, and I was wondering if this could be fixed. I'm not sure why and my programming skills are minimal.
Linear Mode
