RSI Crossover

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RSI Crossover

Postby Apprentice » Fri Nov 12, 2010 4:10 am

RSI Crossover.png

Basically this is a common RSI.
But there are a few differences.

The indicator is moved vertically by 50 points.
Now oscillate around the zero line, Over Bought / Sold Lines are now +20 and -20 -
I did it,
in order to get RSI Histogram.
Histogram you can use, in the same way as the MACD histogram.
For earlier detection of crossover.
Between RSI and its moving average.
Which is also added.
RSI_Crossover.lua
(8.56 KiB) Downloaded 1889 times
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Re: RSI Crossover

Postby DWetherell » Fri Nov 12, 2010 7:26 am

Thanks for the indicator Apprentice...The only thing it is missing is the Moving average of the RSI itself. What I am try to do is smooth out all the jagged edges of the RSI that create unwanted trades. So the formula for that would be very simple...Moving Average(5) of RSI (14).

Also, I attached a screenshot of the look I was going for. It is similar to the MA cloud. Can you make a second Version?
Attachments
RSI Cloud Screenshot.png
This is an RSI with a MA cloud. However the RSI has no moving average to smooth it out.
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Re: RSI Crossover

Postby nazar_123 » Fri Nov 12, 2010 9:35 am

thank you very much for this indicator
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Re: RSI Crossover

Postby Apprentice » Fri Nov 12, 2010 10:17 am

I'll try today to make your version.
My version has a moving average of RSI (blue line).
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Re: RSI Crossover

Postby Apprentice » Sat Nov 13, 2010 4:06 pm

Smoothed RSI.png


Your version, I called Smoothed RSI.
Indicator offers a choice of type and period for moving average of RSI.
Gives Graphic notification, for 50 line crossover
Smoothed RSI.lua
(5.96 KiB) Downloaded 1299 times

Smoothed RSI with Alert.lua
(17.25 KiB) Downloaded 438 times

Compatibility issue fixed.
_Alert Helper is not longer needed.
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Re: RSI Crossover

Postby DWetherell » Sat Nov 13, 2010 6:34 pm

Thanks for the follow up indicator...much appreciated!
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Re: RSI Crossover

Postby davetherave110179 » Thu Mar 24, 2011 12:12 pm

Apprentice,

The SMOOTHED RSI indicator has a 'Graphic notification' when it crosses the 50 line, could you add a sound and email notification as well??

Link here:
http://www.fxcodebase.com/code/viewtopic.php?f=17&t=2675&p=6106&hilit=Smoothed+RSI#p6106

Thanks for all your hard work! :D

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Re: RSI Crossover

Postby Apprentice » Thu Mar 24, 2011 5:18 pm

Your request has been added to developmental cue.
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Re: RSI Crossover

Postby davetherave110179 » Fri Mar 25, 2011 10:43 am

Thanks.
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Re: RSI Crossover

Postby Apprentice » Fri Mar 25, 2011 10:50 am

Smoothed RSI Update.

I made a few simplifications.
Adapted it for easier use in the Signal and strategy.
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