FXCodeBase.COM: Forex Chart Indicators and Development

re: the RSI_PK indicator at viewtopic.php?f=17&t=3080

Hi Apprentice,

Would it be possible to integrate the 'Averages' indicator into the RSI_PK so that the user could specify a moving average e.g. EMA50 to act as a filter

The RSI OB/OS zones would only be highlighted if they are signalling a reversal back into the same trend of the specified moving average

e.g.
- when MA trend is UP, only oversold RSI zones are highlighted
- when MA trend is DOWN, only overbought RSI zones are highlighted

thx in advance

Try RSI_PK Averages.lua
viewtopic.php?f=17&t=3080&p=7179#p7179

Many thx Apprentice

Can the user be able to specify the MA period and the RSI period independently please

e.g use an RSI of 14 but an EMA of 50

Also can the signal arrows draw on the exit of the OS/OB zone (rather than the entry) pointing in the direction of the exit (i.e. up arrow for exiting the OS zone and down arrows exiting the OB zone)

great job!

clarification: i am referring to moving averages with respect to price action. I do not mean a moving average of the RSI oscillator

Can the user be able to specify the MA period and the RSI period independently please

NOT for RSI_PK Averages.
MA used is the core of RSI calculations.

EDITED There is some misunderstanding. Maybe this was my fault for talking about RSI_PK and zones. Its much simpler. Let me try to clarify.

When normal RSI enters OB/OS the averages line on the price chart is checked

Two separate conditions must exist for either an UP or DOWN RSI_MA_Alert to be given:-


For UP RSI_MA_Alert
1. RSI has crossed into lower OS zone
AND
2 . Chart price is ABOVE Averages indicator line on price chart

For DOWN RSI_MA_Alert
1. RSI has crossed into upper OB zone
AND
2 . Chart price is Below Averages indicator line on price chart


User specifies:
MA type
MA period
RSI period
RSI OB level
RSI OS level

Try RSI_PK with Averages Filter
viewtopic.php?f=17&t=3080&p=7179#p7179

My apologies Apprentice. I corrected an error in my text above but i dont think you saw in in time before you made the revision.

Indicator is great but my error means its giving reversed signals.

For UP RSI_MA_Alert
1. RSI has exited lower OS zone
AND
2 . Chart price is ABOVE Averages indicator line on price chart

For DOWN RSI_MA_Alert
1. RSI has exited upper OB zone
AND
2 . Chart price is BELOW Averages indicator line on price chart

Arrows are the exits calculated by existing code.
Vertical lines show where exit signals would be issued. Basically it would indicate reverals BACK INTO TREND

thx

here's a better visualisation in the attachment. White circles are where arrows/alerts should appear. Currently arrows are triggering on opposite OB/OS levels

Hi Apprentice, any possibility of making the adjustment before the weekend, thx in advance