Break Out RSI

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

Break Out RSI

Postby Apprentice » Sun Jul 27, 2014 11:31 am

Break Out RSI.png

Inspired by request.
viewtopic.php?f=27&t=60930
Break Out RSI.lua
(2.67 KiB) Downloaded 1187 times
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia



Re: Break Out RSI

Postby Blackcat2 » Tue Jul 29, 2014 6:09 am

Very nice - thank you for this indicator :)

Could you please allow extra parameters for adjusting the location of the text? For example, horizontal shift and the ability to use negative value in horizontal and vertical shift?

Thanks :)
Blackcat2
FXCodeBase: Initiate
 
Posts: 118
Joined: Wed May 19, 2010 12:42 am

Re: Break Out RSI

Postby Apprentice » Wed Jul 30, 2014 5:25 am

Please Re-Download.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Break Out RSI

Postby Blackcat2 » Wed Jul 30, 2014 5:31 pm

Thanks - I can set it up nicely on my screen now :)
Blackcat2
FXCodeBase: Initiate
 
Posts: 118
Joined: Wed May 19, 2010 12:42 am

Re: Break Out RSI

Postby gabriel_trade » Sat Oct 11, 2014 3:44 pm

Friends, can I please request a variation of this indicator that will help us to establish the trading zones? .. It will be very much appreciated:

The exact same concept with MTF:

Line 1:
- When RSI > 50, display in green: 'BUY ZONE'
- When RSI < 50, display in red: 'SELL ZONE'

Line 2:
- When RSI above MVA(5), display in green: 'Good to Buy'
- When RSI Below MVA (5), display in red: 'Good to Sell'
* please, let us enter the period for MVA

This concept is helping me a lot on identifying trading edge since it defines trend and zones.
I'm sure it will be beneficial for many people.

Very much appreciated!
gabriel_trade
 
Posts: 2
Joined: Wed Jul 03, 2013 8:28 pm


Re: Break Out RSI

Postby Apprentice » Sat Apr 21, 2018 9:46 am

The indicator was revised and updated.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia


Return to Custom Indicators

Who is online

Users browsing this forum: No registered users and 47 guests