RSI(1) on MT4 Desktop | Forex Factory

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RSI(1) on MT4 Desktop

  • #1
  • First Post: Aug 27, 2023 12:00am Aug 27, 2023 12:00am
I saw several videos using something like RSI(1) for mobile MT4 like here:
Scalping Trade Mobile Forex Strategy for M30 - YouTube
How to implement it on Desktop MT4 under Windows?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 83 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #2
  • Aug 28, 2023 3:57am Aug 28, 2023 3:57am
Quoting reteid2222
I saw several videos using something like RSI(1) for mobile MT4 like here: Scalping Trade Mobile Forex Strategy for M30 - YouTube How to implement it on Desktop MT4 under Windows? {image}
red line= MA10 , black line= MA50
  • #3
  • Aug 28, 2023 4:39pm Aug 28, 2023 4:39pm
Quoting tarzon06
{quote} red line= MA10 , black line= MA50
Yes, I believe that is correct, MA of the Price, but how are they able to display them in the sub-window?

Can't do that in Desktop MT4 or MT5 which was the point of the question.

Cheers
MAY THE TREND BE WITH YOU
  • #4
  • Edited 2:43am Aug 29, 2023 2:28am | Edited 2:43am
Quoting Erebus
{quote} Yes, I believe that is correct, MA of the Price, but how are they able to display them in the sub-window? Can't do that in Desktop MT4 or MT5 which was the point of the question. Cheers
Yes. You can place MA on the subwindow.
Just a bit of work-around.

Step is:
Create an template - just empty one is oK.
Add below bolded section to template so it can create MA on the subwindow.

it should be placed under </window> and above </chart>

I have attached template file for quick test and config.

<chart>
xxxxxx
<window>
xxxx
</window>



<window>
height=70
fixed_height=0
<indicator>
name=Moving Average
period=10
shift=0
method=2
apply=0
color=3937500
style=0
weight=1
period_flags=0
show_data=1
</indicator>
<indicator>
name=Moving Average
period=50
shift=0
method=2
apply=0
color=3937500
style=0
weight=1
period_flags=0
show_data=1
</indicator>
</window>

</chart>


Once you added this to template, you can load template and you can have 2 MA on the subwindow.
Once you loaded MA, you can change to your spec.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
Attached File(s)
File Type: tpl ma-on-the-sub.tpl   7 KB | 392 downloads
  • #5
  • Aug 29, 2023 3:38am Aug 29, 2023 3:38am
Crazy.....

Thank you very much!
Vucking good EA coder... https://t.ly/AZjRM
  • #6
  • Aug 29, 2023 1:01pm Aug 29, 2023 1:01pm
Hi guys,

I just recreated the setup on MT4 desktop, I did it as follows
1- Add the RSI indicator to the chart, set the levels 10, 20, 50, 80, 90
2- Add on the RSI window, the Moving Average indicator (50)
2.1 - In the Indicator Parameters tab, in Apply to: Previous Indicator's Data
2.2 - Add the second EMA (10) and do the same as step 2.1
3 - Once you have added the EMAs (50, 10), you can change the parameter of both EMAs, Apply to: Close
4 - Add the MA(20) to the main window

Important: I haven't checked it on the phone yet, but on MT4 Desktop, when moving the chart over time, the EMA lines (50, 10) in the RSI indicator window, do not hold levels, they move vertically I don't know if this is normal, but I think that would affect the strategy, I have not been able to make the lines maintain their position when moving in time
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
  • #7
  • Aug 29, 2023 9:20pm Aug 29, 2023 9:20pm
Quoting leo1M
Hi guys, I just recreated the setup on MT4 desktop, I did it as follows 1- Add the RSI indicator to the chart, set the levels 10, 20, 50, 80, 90 2- Add on the RSI window, the Moving Average indicator (50) 2.1 - In the Indicator Parameters tab, in Apply to: Previous Indicator's Data 2.2 - Add the second EMA (10) and do the same as step 2.1 3 - Once you have added the EMAs (50, 10), you can change the parameter of both EMAs, Apply to: Close 4 - Add the MA(20) to the main window Important: I haven't checked it on the phone yet, but on MT4 Desktop,...
So, here is me wondering why having an EMA 10 and 50, of the close price, in the sub-window is any different than having an EMA 10 and 50, of the close price, in the main window; I probably missed it in the video, is there a logical explanation?

MAY THE TREND BE WITH YOU
  • #8
  • Aug 30, 2023 12:58am Aug 30, 2023 12:58am
Quoting Erebus
{quote} So, here is me wondering why having an EMA 10 and 50, of the close price, in the sub-window is any different than having an EMA 10 and 50, of the close price, in the main window; I probably missed it in the video, is there a logical explanation?
I think the idea is to have with RSI 1 the price in the bottom window and creating the EMAs over it to have a range from 0 to 100 to have just OB/OS conditions... but if you go right or left in the chart the positions of the EMA changes... so for me as EA developer complete worthless....
Nevertheless .... that you both the help!
Vucking good EA coder... https://t.ly/AZjRM
  • #9
  • Jul 27, 2024 4:41am Jul 27, 2024 4:41am
Quoting BlueRain
{quote} Yes. You can place MA on the subwindow. Just a bit of work-around. Step is: Create an template - just empty one is oK. Add below bolded section to template so it can create MA on the subwindow. it should be placed under </window> and above </chart> I have attached template file for quick test and config. <chart> xxxxxx <window> xxxx </window> <window> height=70 fixed_height=0 <indicator> name=Moving Average period=10 shift=0 method=2 apply=0 color=3937500 style=0 weight=1 period_flags=0 show_data=1 </indicator> <indicator> name=Moving Average...
Hello BLUERAIN please is it possible for you to move RSI indicator away from the subwindow to the main chart? Thanks i will be glad if it can be done
  • #10
  • Last Post: Jul 28, 2024 8:25pm Jul 28, 2024 8:25pm
Quoting Slingshots1
{quote} Hello BLUERAIN please is it possible for you to move RSI indicator away from the subwindow to the main chart? Thanks i will be glad if it can be done
It can be done, applying same process as I have indicated in other post.
Basically,
1. Open Chart
2. Add RSI
3. Save template with your own name
4. Open Template with text editor and modify by moving RSI section to main windows between <Window> and </Window> and save.

<Window>
.....

<indicator>
name=Relative Strength Index
period=3
apply=4
color=16748574
style=0
weight=1
min=0.00000000
max=100.00000000
levels_color=12632256
levels_style=2
levels_weight=1
level_0=50.00000000
period_flags=0
show_data=1
</indicator>

</Window>

5. Open Template - you should have RSI in main window.

Sample attached.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
Attached File(s)
File Type: tpl Chart with RSI in Main Window.tpl   < 1 KB | 256 downloads
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