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Break Out RSI

PostPosted: Sun Jul 27, 2014 11:31 am
by Apprentice
Break Out RSI.png

Inspired by request.
viewtopic.php?f=27&t=60930
Break Out RSI.lua
(2.67 KiB) Downloaded 1192 times

MTF Break Out RSI

PostPosted: Sun Jul 27, 2014 12:07 pm
by Apprentice
MTF Break Out RSI.png

MTF Break Out RSI.lua
(8 KiB) Downloaded 1110 times

Chart Time Frame Break Out RSI

PostPosted: Sun Jul 27, 2014 12:17 pm
by Apprentice
Chart Time Frame Break Out RSI.png

Chart Time Frame Break Out RSI.lua
(6.56 KiB) Downloaded 998 times

Re: Break Out RSI

PostPosted: Tue Jul 29, 2014 6:09 am
by Blackcat2
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 :)

Re: Break Out RSI

PostPosted: Wed Jul 30, 2014 5:25 am
by Apprentice
Please Re-Download.

Re: Break Out RSI

PostPosted: Wed Jul 30, 2014 5:31 pm
by Blackcat2
Thanks - I can set it up nicely on my screen now :)

Re: Break Out RSI

PostPosted: Sat Oct 11, 2014 3:44 pm
by gabriel_trade
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!

Re: Break Out RSI

PostPosted: Wed Oct 22, 2014 3:41 am
by Apprentice
Requested can be found here.
viewtopic.php?f=17&t=61356&p=96657#p96657

Re: Break Out RSI

PostPosted: Sat Apr 21, 2018 9:46 am
by Apprentice
The indicator was revised and updated.