Originally Posted by jimven

I like the MTF RSI indicator (I'm not sure of the exact name because I'm at work). When setting it at 240 (4 Hour) TF and watching it on the 5-Minute Chart, you get horizontal lines over a 4-hour period. The only one of these that moves up and down with the real-time price ticks is the one to the far right, while it is still forming. The rest of them are stable and you can tell how they behaved relative to prices all the way to the beginning of the data. That helps consider what might be happening next, based on whether the indicator is rising or falling (just the most recent horizontal line).

Originally Posted by Poocher

I agree Jimven, that is if you're referring to the RSI_Label_A as shown in the post right above this one. The part that doesn't "redraw" is still a big help.

I have had several RSI_Label_A indicators but somehow lost the one like Joe SDF is showing above. Will someone please direct me to where I may find that one or post it.

Thanks!

Originally Posted by Joe SDF

In response to my Post #103 ValeoFX asked me to post a chart example of a Joe’s Entry; please find it below. This is a real trade I made this morning. First note that both the Major Trend (XO A) and Minor MTF Trends (XO) had been down for quite some time and this is what I look for as a precursor. Then at 12:45 GMT or 08:45 EDST the Minor Trend (XO) started reversing against the Major Trend. A Joe’s Entry occurred at 14:15 GMT or 10:15 EDST when the first XO bar “hooked” or reversed back to the Major Trend direction. My short entry got the price bar Close at 1.9814 which was 9-pips better than if you had waited until the 2-Red XO A and XO bar entry at 15:00 GMT or 11:00 EDST. I exited on a Stop at S1 for 40-pips profit. Not a bad morning’s work.

Originally Posted by ValeoFX

Attached, Poocher.

Best wishes.

Originally Posted by Poocher

I agree Jimven, that is if you're referring to the RSI_Label_A as shown in the post right above this one. The part that doesn't "redraw" is still a big help.

I have had several RSI_Label_A indicators but somehow lost the one like Joe SDF is showing above. Will someone please direct me to where I may find that one or post it.

Thanks!

Originally Posted by jimven

Valeo posted RSI_Label_A on this forum and it works well. But I was referring to Z_MTF_RSI. I believe that was posted here, as well. The only thing I can't quite figure out is that if you look at the code for both of them, there's a bunch of Object creation code at the bottom that looks like it should do something if the external variable RSI_Script is true. But, to me, it looks like the code is incorrect, and I can't get the object to display on the screen. Otherwise, it's great!