FXCodeBase.COM: Forex Chart Indicators and Development

Try to open it on some other computer, browser...

Hi Apprentice,

It worked on another computer, thank you!

Is there a way to disable the candles and leave only the channel on?

Finally, would it be possible to do this for MT4 as well, please?

Thanks for all the help!

Your request is added to the development list under Id Number 4500

"Nothing" option added for RSI Type

Thanks! You and the team are the best

SpLiFT wrote:Finally, would it be possible to do this for MT4 as well, please?

Please try this indicator:

Hi Alex,

Thanks for posting this indi, but I was hoping you could make the attached one for MT4 with the option of having the DC period set to 1 (on the High and Low of the RSI candle alone).

Would you be able to do this, please?

SpLiFT wrote:Hi Alex,

Thanks for posting this indi, but I was hoping you could make the attached one for MT4 with the option of having the DC period set to 1 (on the High and Low of the RSI candle alone).

Would you be able to do this, please?

Please try this indicator:

Hi Alex,

I'm afraid this is not the same as the .lua indicator shared by Apprentice.

What the MT4 version does is that it plots a High and Low channels on two different RSIs: one with RSI period set to High and another RSI with the same period set to Low.

What we need is to have only one RSI value with a period (for example 14) set to Close. Then, the High and Low channels (basically, a Donchian Channel set to period 1) should be drawn based on the Highest and Lowest values that the RSI 14 Close has reached during each single candle before closing (once it closes the usual RSI line is drawn).

Would you be able to code that? I hope I made it clear but let me know if it's not and I'll show you a comparison between the Marketscope and MT4 indicators.

I've compared the output, is the same.