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Visualizzazioni:: 5679
Valutazioni:: (12)
Pubblicato:: 2018.12.29 15:10

RSI (normalized).mq5 (7.94 KB) visualizza

Scarica come ZIP, Come scaricare il codice da MetaEditor

: Hai bisogno di un robot o indicatore basato su questo codice? Ordinalo su Freelance Vai a Freelance

Theory :

RSI (Relative Strength Index) is already normalized. Hence, making a normalized RSI seems like a nonsense ... if it was not for the "flattening" property of RSI. The RSI tends to be flatter and flatter as we increase the calculating period - to the extent that it becomes unusable for levels trading if we increase calculating periods anywhere over the broadly recommended period 8 for RSI. In order to make that (calculating period) have less impact to significant levels usage of RSI trading style in this version a sort of a "raw stochastic" (min/max) normalization is applied

Usage :

As any other RSI - with an exception that it is more responsive to the fixed levels usage

PS:

The "big picture" example comparing the normalized RSI (upper, colored line) and regular RSI (lower gray line), bot using same parameters and period 32

Smoothing Average

An EA based on indicator iMA (Moving Average, MA). Reverse of signals. Lot size is either fixed or based on risk percentage.

Hans_Indicator_x62_Cloud_System_Alert

An indicator of expanding time zone ranges with the background color filling and the midline of the Hans_Indicator range, capable of giving alerts and sending mail and Push messages at the time of breaking through the expanding of the range formed, with the number of price levels increased up to thirty-one

Extended normalized RSI

Extended normalized RSI - on chart version

Normalized RSI - indicatore per MetaTrader 5