FXCodeBase.COM: Forex Chart Indicators and Development

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.


Indicator-based strategy.
https://fxcodebase.com/code/viewtopic.php?f=31&t=74691

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?

thank you very much for this indicator

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

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


Compatibility issue fixed.
_Alert Helper is not longer needed.

Thanks for the follow up indicator...much appreciated!

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!

davetherave110179

Your request has been added to developmental cue.

Thanks.

Smoothed RSI Update.

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