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GBPUSD RSI scalping strategy EA? 3 replies
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Disliked{quote} report back on the 5MTF 15RSI/30RSI system, we gotta hone in on the best oneIgnored
Dislikedhi, why you dont share your indicators with TV? This will be very helpful.Ignored
DislikedThanks for sharing totmagic. I see that the problem that may exist is when the RSI has not yet closed the 5 candles (M5) or the 15 candles (M15), since when updating the indicator nothing has to do with what it indicates during M1. Even in the capture it is seen in M1 how RSI (M15) had crossed the 50 level and when updating it it is rectified and does not cross. So it would be viable only when the period of M5 and M15 closes at the same time (every 15 min), or I'm doing something wrong. {image}{image}Ignored
Disliked& 8{quote} I know it doesn't really fit in with the idea of scalping but with MTF indicators slightly higher timeframes give, in theory more accurate signals. 1M with the MTF indicator on 5 & 15 min mean the indicators 'lock' in on the 1M chart every 5 and 15 candles. 5M with 15/30 MTF then the indicators lock in every 3 and 6 candles 15M with 30M/1H then they locks in every 2 and 4 candles. 30M with 1H/4H is 2 and 8 and then it starts getting less precise again as you go to bigger timeframes (unless you use MT5 with the aditional timeframes).Ignored
Disliked{quote} i did share the pinescript code for the MTFRSI i'm using study("Multi Timeframe RSI", shorttitle="MTF_RSI") len = input(14, title="Length", type=integer) src = input(close, title="Source", type=source) show5m = input(true, title="show 5m", type=bool) show15m = input(true, title="show 15m", type=bool) show30m = input(true, title="show 30m", type=bool) show1h = input(true, title="show 1h", type=bool) show2h = input(true, title="show 2h", type=bool) show4h = input(true, title="show 4h", type=bool) show1D = input(true, title="show 1D", type=bool)...Ignored
DislikedInteresting play on Momentum. Can someone provide this RSI indicator for MT5? I believe I am correct in identifying 2 signals with white line on CFD US30, Long and Short. {image}Ignored
Disliked{quote} these look good, but it's hard to tell because vertical line so thick. zoom in and make sure both have fully crossedIgnored
DislikedNicely thought out system Unless I'm missing something it doesn't appear viable with the MT4 MTF RSI's here as the RSI is constantly painting with price movement. Unlike the MTF RSI you are using with TradingView where you can set for bar close.Ignored