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  • #1,741
  • May 18, 2020 5:21am May 18, 2020 5:21am
Quoting dietcoke
Hi Laura, I've been trying your system out and while its probably not for me, I did notice that the 2 RSI indicators were a bit of a performance lag on my system so I've tweaked the composite RSI and have written my own trendstrength version. I've opened up a few more input options on both as well, including a configurable refresh period for the trendstrength indi. They are both much less cpu intensive now. {file} {file}
Would there be an option to make a non repaint CompRSIselect so that it would "save" the value on the candle close using a histogram like this? This way we could visual back test the indicator, because now we can't?
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Anything above the line is an uptrend, below the line is a downtrend.
  • #1,742
  • May 18, 2020 5:22am May 18, 2020 5:22am
Quoting Nikl
Hi All Current Oil trade M1 some notes on chart Cheers {image}
what is the value of your bollinger band? May I know
  • #1,743
  • May 18, 2020 5:26am May 18, 2020 5:26am
Quoting Degolep
{quote} Would there be an option to make a non repaint CompRSIselect so that it would "save" the value on the candle close using a histogram like this? This way we could visual back test the indicator, because now we can't? {image}
In the meantime, you could use this indicator in Strategy Tester to backtest as it'll print bar by bar values (it won't work in the indicator window, just ST).

Attached File(s)
File Type: ex4 Composite RSI (1).ex4   19 KB | 615 downloads
  • #1,744
  • May 18, 2020 5:29am May 18, 2020 5:29am
Quoting LauraT
{quote} In the meantime, you could use this indicator in Strategy Tester to backtest as it'll print bar by bar values (it won't work in the indicator window, just ST). {file}
This one doensn't repaint?
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,745
  • May 18, 2020 5:30am May 18, 2020 5:30am
Hi fellow traders.

The Charts I set up all show the same RSI2/RSI9 on M15 namely 49,513. Can anyone help me with that? What to do?
Thanks in advance
  • #1,746
  • Edited 6:03am May 18, 2020 5:39am | Edited 6:03am
Quoting josi
{quote} Any idea why your TrendStrength RSI produces a different value from the original?
It doesn't. However......

The figure is rounded to 1 Decimal
It only refreshes every minute by default(you can change the refresh period as in image). In fast markets, the current value could diverge.
The monthly RSI is not enabled by default so if you want to include it, you'll need to change the default settings


My interpretation of Laura's rules suggests that "to the tick" calculation of the comp rsi is not required.
Attached Image
  • #1,747
  • May 18, 2020 5:57am May 18, 2020 5:57am
Quoting Nikl
Hi All Current Oil trade M1 some notes on chart Cheers {image}
Trade update
cheers
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  • #1,748
  • May 18, 2020 5:59am May 18, 2020 5:59am
The sun is shining
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every Saint has a past. Every Sinner has a Future
  • #1,749
  • May 18, 2020 6:00am May 18, 2020 6:00am
Quoting Degolep
{quote} This one doensn't repaint?
It will in the indicator window (because it's a MTF indicator) but if you run it within Strategy Tester you should get accurate bar by bar values.
  • #1,750
  • May 18, 2020 6:00am May 18, 2020 6:00am
Quoting learnnearn
{quote} what is the value of your bollinger band? May I know
Hi learnnearn
Its not a bollinger band. I just add levels to my 200SMA (at 25 pip increments) to give me an idea how far price is from the 200
cheers
  • #1,751
  • May 18, 2020 6:01am May 18, 2020 6:01am
Quoting Nikl
{quote} Trade update cheers {image}
Nicely managed
  • #1,752
  • May 18, 2020 6:02am May 18, 2020 6:02am
Quoting Nikl
{quote} Hi learnnearn Its not a bollinger band. I just add levels to my 200SMA (at 25 pip increments) to give me an idea how far price is from the 200 cheers
Great idea. Im a fan of 200 sma.
  • #1,753
  • May 18, 2020 6:15am May 18, 2020 6:15am
Quoting LauraT
{quote} It will in the indicator window (because it's a MTF indicator) but if you run it within Strategy Tester you should get accurate bar by bar values.
Oh, great. H4,D1,W1 only right?
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,754
  • May 18, 2020 6:17am May 18, 2020 6:17am
EURNZD-- another trade running +28 pips
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  • #1,755
  • May 18, 2020 6:22am May 18, 2020 6:22am
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Multi-bullet short. Original entry was late but only entered half-size. Added second bullet at touch of trendline. Closed when price dropped to lower trendline.
  • #1,756
  • May 18, 2020 6:36am May 18, 2020 6:36am
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Dow longs. I had just added to my original in-profit trade and I got the spike in my favour, so exited both positions.
  • #1,757
  • May 18, 2020 6:44am May 18, 2020 6:44am
Quoting Nikl
{quote} Hi learnnearn Its not a bollinger band. I just add levels to my 200SMA (at 25 pip increments) to give me an idea how far price is from the 200 cheers
Like it
  • #1,758
  • May 18, 2020 7:02am May 18, 2020 7:02am
One of those mornings I wish I was trading live. However, after my Spanish lesson I was playing about drawing lines when I saw the base that the price rocketed from Long above the 200. The pinky bar/base just reminds me to keep an eye on the left of price to spot consolidations/pauses in price that are broken or revisited before moving on. The blue lines are the result of me being overcome by the urge to draw trend and speed lines

EDIT: Should have added that the 200 ma also supported the price
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every Saint has a past. Every Sinner has a Future
  • #1,759
  • May 18, 2020 7:04am May 18, 2020 7:04am
Ive been looking for the last 1.5 hours and hesitant as not much momentum but still going up.
Decided to pull the trigger when distance to the ADR high would still give me my daily target
Bit lucky too I think
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  • #1,760
  • May 18, 2020 7:11am May 18, 2020 7:11am
Quoting Nikl
{quote} Trade update cheers {image}
Appreciate the notes on the chart....
Give a great glimpse into what you are seeing and thinking as the trade sets up and happens.
Great trade too!
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