DEMA_RSI

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DEMA_RSI

Postby Apprentice » Sun Apr 10, 2016 9:31 am

EURUSD m30 (04-10-2016 1557).png

Based on request.
viewtopic.php?f=27&t=63327
DEMA_RSI.lua
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Apprentice
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Re: DEMA_RSI

Postby Steve0001 » Mon Apr 11, 2016 1:29 pm

This interesting, but also a little confusing. I understand this is some kind of Double Exponential Moving Average (DEMA). It is confusing however because I would have expected the DEMA to be plotted on the chart with price, not plotted as an oscillator in a separate area. Also, some description of how to use it would be helpful (like maybe some suggested "rules" for applying this to trading). Thanks.
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Re: DEMA_RSI

Postby Steve0001 » Mon Apr 11, 2016 2:40 pm

Oops! Only after posting my comment did I realize that it says DEMA_RSI, not DEMA. My bad! So now it is clear that the indicator is DEMA applied to RSI (less explanation was OK after all).
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Re: DEMA_RSI

Postby Apprentice » Tue Sep 12, 2017 5:07 am

The indicator was revised and updated.
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