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Multi Currency RSI average indicator for testing

  • #1
  • First Post: Edited Jun 14, 2023 11:18am Dec 7, 2017 1:57pm | Edited Jun 14, 2023 11:18am
UPDATE: If you want to have the unlimited version, make a donation for this kid ( https://www.gofundme.com/f/baby-noel-sma-1 ) and post a screenhot that proves it on this thread.

Hi,

Just finished this indicator, it calculates the average RSI for currencies: EUR, USD, GBP, CAD, AUD, NZD, JPY, CHF based on RSI from all pairs with the above currencies.
Feel free to test and share your thoughts.

Attached Image (click to enlarge)
Click to Enlarge Name: Multi_Currency_RSI.png Size: 53 KB


Download and test at your own risk!

Update: Minor bug fixed in v1.1

Update 2023.06.14: last 3 file are not limited versions
Attached File(s)
File Type: ex4 Multi_Currency_RSI_average.ex4   68 KB | 1,381 downloads
File Type: ex4 Multi_Currency_RSI_average_v1.1.ex4   68 KB | 1,430 downloads | Uploaded Dec 9, 2017 5:19am
File Type: ex4 Cross_alert_v1.2.ex4   12 KB | 683 downloads | Uploaded May 7, 2019 3:10pm
File Type: ex4 Multi_Currency_RSI_average_v1.2.ex4   69 KB | 508 downloads | Uploaded Jul 14, 2020 4:55am
File Type: ex4 Multi_Currency_RSI_average_v2Multi_Pair.ex4   124 KB | 579 downloads | Uploaded Jul 14, 2020 4:55am
File Type: ex4 Multi_Currency_RSI_average_v2Single_Pair.ex4   124 KB | 535 downloads | Uploaded Jul 14, 2020 4:55am
File Type: ex4 Multi_Currency_RSI_average_v1.2_no_limit.ex4   69 KB | 218 downloads | Uploaded Jun 14, 2023 11:18am
File Type: ex4 Multi_Currency_RSI_average_v2Multi_Pair_no_limit.ex4   123 KB | 223 downloads | Uploaded Jun 14, 2023 11:18am
File Type: ex4 Multi_Currency_RSI_average_v2Single_Pair_no_limit.ex4   124 KB | 214 downloads | Uploaded Jun 14, 2023 11:18am
Keep It Simple
  • #2
  • Dec 8, 2017 3:12am Dec 8, 2017 3:12am
  • #3
  • Dec 31, 2017 12:57pm Dec 31, 2017 12:57pm
Thanks
could you pleas add push alert for it if you can cross and divergence
  • #4
  • Dec 31, 2017 1:39pm Dec 31, 2017 1:39pm
Divergence seems to work well. See attached chart. https://charts.mql5.com/17/134/eurnz...l-services.png
  • #5
  • Dec 31, 2017 4:49pm Dec 31, 2017 4:49pm
Quoting pitch
Divergence seems to work well. See attached chart. https://charts.mql5.com/17/134/eurnz...l-services.png
yes it is the beast it you can add alert of divergence for this indicator thanks for sharing
  • #6
  • Dec 31, 2017 7:44pm Dec 31, 2017 7:44pm
will test thanks for sharing.Happy new year
  • #7
  • Jan 2, 2018 2:19pm Jan 2, 2018 2:19pm
Quoting hsoltan59
{quote} yes it is the beast it you can add alert of divergence for this indicator thanks for sharing
I'll think about it, and see how it can be done...
Keep It Simple
  • #8
  • Jan 2, 2018 2:19pm Jan 2, 2018 2:19pm
Quoting cpips
will test thanks for sharing.Happy new year
Happy New Year!
Keep It Simple
  • #9
  • Jan 5, 2018 2:36pm Jan 5, 2018 2:36pm
Quoting pitch
Divergence seems to work well. See attached chart. https://charts.mql5.com/17/134/eurnz...l-services.png
Added the alert you asked for.
Attached File(s)
File Type: ex4 Multi_Currency_RSI_average_v1.3.ex4   78 KB | 919 downloads
Keep It Simple
  • #10
  • Jan 5, 2018 2:38pm Jan 5, 2018 2:38pm
Quoting hsoltan59
Thanks could you pleas add push alert for it if you can cross and divergence
Added the alert, please let me know if this is what you wanted.
Keep It Simple
  • #11
  • Jan 5, 2018 4:08pm Jan 5, 2018 4:08pm
Quoting kis
{quote} Added the alert you asked for. {file}
Thank you for the update. However, I am confused on the conv_div_period parameter. See attached picture.
Is this really a divergence indicator? I must be doing something wrong.
https://charts.mql5.com/17/171/eurnz...l-services.png
  • #12
  • Edited 5:24pm Jan 5, 2018 4:45pm | Edited 5:24pm
Interesting.....almost a Leading indicator....at first glance......nice work
Attached Image (click to enlarge)
Click to Enlarge Name: RSI Multi.PNG Size: 50 KB
  • #13
  • Jan 5, 2018 4:46pm Jan 5, 2018 4:46pm
Hi,
Very nice ...
Also, is it possible to add only index alert cos your indicator not rsi for one currency it is index indicator
1 alert coming from which Time frame,
2 alert of classical bearish or bearish divergence
3 alert hidden divergence
4 cross of index alert
5 oversold / Overbought of index
6 index cross level add 30 40 50 60 70
7 if you can do alert for all or select one or more index
thanks for your great work
Wishing you a wonderful New Year!
  • #14
  • Jan 6, 2018 4:33am Jan 6, 2018 4:33am
Quoting kaiser soze
Interesting.....almost a Leading indicator....at first glance......nice work {image}
The blue line on your chart was added by you or by the indicator?
Keep It Simple
  • #15
  • Jan 6, 2018 4:34am Jan 6, 2018 4:34am
Quoting pitch
{quote} Thank you for the update. However, I am confused on the conv_div_period parameter. See attached picture. Is this really a divergence indicator? I must be doing something wrong. https://charts.mql5.com/17/171/eurnz...l-services.png
There must be a bug. I'll check it soon...
Keep It Simple
  • #16
  • Jan 6, 2018 4:42am Jan 6, 2018 4:42am
Quoting hsoltan59
Hi, Very nice ... Also, is it possible to add only index alert cos your indicator not rsi for one currency it is index indicator 1 alert coming from which Time frame, 2 alert of classical bearish or bearish divergence 3 alert hidden divergence 4 cross of index alert 5 oversold / Overbought of index 6 index cross level add 30 40 50 60 70 7 if you can do alert for all or select one or more index thanks for your great work Wishing you a wonderful New Year!
It has some bugs, I need to fix.

At the moment alert should come from the current time frame.
What do you mean by "add only index alert "? Alert should come when Currency pair trend is different from one of the currencies from the pair.
Ex. EURUSD up trend, but EUR in down trend, or EURUSD in up trend, but USD in up trend as well.

To add alert that scans all the pairs, I need to change more stuff in the code, at the moment works only for current currency pair, compared to all the monitored currencies. But it has some bugs...
Keep It Simple
  • #17
  • Jan 6, 2018 5:01am Jan 6, 2018 5:01am
Quoting kis
{quote} It has some bugs, I need to fix. At the moment alert should come from the current time frame. What do you mean by "add only index alert "? Alert should come when Currency pair trend is different from one of the currencies from the pair. Ex. EURUSD up trend, but EUR in down trend, or EURUSD in up trend, but USD in up trend as well. To add alert that scans all the pairs, I need to change more stuff in the code, at the moment works only for current currency pair, compared to all the monitored currencies. But it has some bugs...
hello
i just test it for 5 m before market close i see only alert coming as you say but no information about alert like which Time frame also up or done
what i mean by add only index it mean when any index cross anther give alert like this for ex USD cross AUD up or done also if any index cross level which you can put it manual for ex usd cros level X from input and you can make 2 or 3 level strong weak or you can use 50 to give alert like this usd cross level 50 coming strong if up weak if done ...like u want
thanks
  • #18
  • Jan 6, 2018 5:18am Jan 6, 2018 5:18am
Quoting pitch
{quote} Thank you for the update. However, I am confused on the conv_div_period parameter. See attached picture. Is this really a divergence indicator? I must be doing something wrong. https://charts.mql5.com/17/171/eurnz...l-services.png
Some bugs fixed, now it should look like:
Attached Image (click to enlarge)
Click to Enlarge Name: 1.4AUDNZD.png Size: 55 KB
Attached File(s)
File Type: ex4 Multi_Currency_RSI_average_v1.4.ex4   79 KB | 942 downloads
Keep It Simple
  • #19
  • Jan 6, 2018 8:57am Jan 6, 2018 8:57am
Thanks for the update. I noticed that the conv_div_period is specifying the length you are using to test divergence. DIvergence may be of any length. It is based on the structure of price and the indicator. There are 4 types of divergence: Standard Bull or Bear and Hidden (or Inverted) Bull or Bear. See attached picture and my original chart.
https://charts.mql5.com/17/134/eurnz...l-services.png
Attached Image (click to enlarge)
Click to Enlarge Name: DivergenceDiagram.png Size: 163 KB


When a program shows divergence in MT4, it is using labelled as Standard or Hidden and Bull or Bear divergence. The other important item is that divergence is from peak to peak or trough to trough. Therefore a signal on the prior closed bar should be at minimum a 3 bar peak/trough or a 5 bar swing high/low fractal.
Attached File(s)
File Type: mq4 FX5_MACD_Divergence_V1_1.mq4   12 KB | 672 downloads
This is an example of divergence that was posted on the web. I hope it is helpful.
  • #20
  • Jan 6, 2018 11:17am Jan 6, 2018 11:17am
Quoting kis
{quote} The blue line on your chart was added by you or by the indicator?

It is a 200 SMA
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