Experiments ...

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mladen
Join date: 2006.10.03
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#1

Thus thread will be used to post some experiments

mladen
Join date: 2006.10.03
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#2

Starting with RSI

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This experiment will show how important is to know all the phases of calculating something

The example is using well known RSI indicator, but by changing the averaging method used in the calculation, it allows us to have rsi that is anything but the original.

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First the indicator : rsi_experiment.mq4

Original Welles Wilders' RSI uses what is sometimes known as Wilders EMA. This indicator allows you to change that and to use on of the built in averages (SMA, EMA, SMMA and LWMA). And then you have, this :

You would expect 4 more types of RSI. But if you take a look at the result, you shall see that the original rsi and the rsi using smma for calculation is the same. And you are not wrong. That is supposed to be so. It is due to the fact that smma and Wilders ema are the same (regardless of the different math used to calculate it). It is less known, but from now on, hen someone tells you to use Wilders ema, simply use same period smma

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So much for this "experiment"

mladen
Join date: 2006.10.03
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#3

And a bit extended upper "experiment" - added price smoothing : rsi_experiment_extended.mq4

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So, now, with a couple of very simple intervention, we have 3 new RSI types and all all already a "rsi of ma" too

PS: example is RSI of EMA using LWMA price smoothing, The rest is default

PascalD
Join date: 2015.06.06
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#4
mladen:
And a bit extended upper "experiment" - added price smoothing : rsi_experiment_extended.mq4

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So, now, with a couple of very simple intervention, we have 3 new RSI types and all all already a "rsi of ma" too

PS: example is RSI of EMA using LWMA price smoothing, The rest is default

Can we have a version with floating levels, please?

mladen
Join date: 2006.10.03
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#5
PascalD:
Can we have a version with floating levels, please?

Good idea. Will be made

PascalD
Join date: 2015.06.06
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#7
mladen:
Good idea. Will be made

That will be nice

Wulong10
Join date: 2014.04.14
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#8

Hmm, I always like these experiments.

The Stoch CG exp was also a good one !

mntiwana
Join date: 2013.03.26
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#9
mladen:
And a bit extended upper "experiment" - added price smoothing : rsi_experiment_extended.mq4

________________

So, now, with a couple of very simple intervention, we have 3 new RSI types and all all already a "rsi of ma" too

PS: example is RSI of EMA using LWMA price smoothing, The rest is default

Dearest MLADEN,

thanks for opening a new way for new ideas, a new laboratory for experimenting is opened and i am not aware of.

mladen
Join date: 2006.10.03
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#10
PascalD:
Can we have a version with floating levels, please?

PascalD

Here is a version with floating levels (and a sort of "trending mode" for color changes - it does not use slope for color change now) : rsi_experiment_extended_fl.mq4

PascalD
Join date: 2015.06.06
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#11
mladen:

PascalD

Here is a version with floating levels (and a sort of "trending mode" for color changes - it does not use slope for color change now) : rsi_experiment_extended_fl.mq4

Thank you

mladen
Join date: 2006.10.03
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#12
mntiwana
Join date: 2013.03.26
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#13
mladen:
Experiment continued - this version allows the usual set of 34 average + one generic average (Wilders' EMA - introduced only for this occasion) : rsi_experiment_extended_averages_-_fl.ex4

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PS: as in any experiment, you shall see that some averages are producing illogical averages. that will be checked and, if [possible, corrected to produce correct rsi values

PPS: floating levels are used for 3 colors now, not just 2

Dearest MLADEN,

many and more thanks for such beautiful experiments,200% successful and accommodate able in every situation (as for me) ,:),just a bit or some cosmetically manicure may apply,for example slope coloring option possibly added for different situations (levels cross/zero cross),thanks.

still there is more capacity to precise it more airtight when short term trading or some specific and particular needs may required.

in lowest window with default and in upper next as per my experiment,lol.

regards

mladen
Join date: 2006.10.03
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#14
mntiwana:

Dearest MLADEN,

many and more thanks for such beautiful experiments,200% successful and accommodate able in every situation (as for me) ,:),just a bit or some cosmetically manicure may apply,for example slope coloring option possibly added for different situations (levels cross/zero cross),thanks.

still there is more capacity to precise it more airtight when short term trading or some specific and particular needs may required.

in lowest window with default and in upper next as per my experiment,lol.

regards

mntiwana

There will be more changes in it (as we go on )

mntiwana
Join date: 2013.03.26
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#15
mladen:

mntiwana

There will be more changes in it (as we go on )

Dearest MLADEN,

thanks for making us more hopeful,can such experiments will be made on CCI and STOCH too later some time,kindly.:)

regards