{quote} You cannot Alert for divergence before it has been established. RSI is well known to give several small divergences before the price turns, 3 to 4 divergences can often happen before the real divergence occurs which is why this indicator is coded the way it is with a 2 bar delay. A similar issue for example is trying to Alert on the exact point that Zigzag reverses, it cannot be established with any degree of certainty until several bars after the turn. 2 bar delay : This is how the indicator is currently set up to show divergence which...
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Hi Cja , could you please explain how to modify the indicator to 1 bar faster? I know it generates a lot more false signals but I'm interested to know and experiment on few other indicators.
The rsi divergence indicator is great but how can i set it to show divergence on a longer period of bars...it seems that is shows divergence if it occurs in 6 to 8 candles
{quote} The RSI levels can be altered through the inputs and if you want to use it the same as the standard indicator set the RSI Upper level to 0 and the RSI Lower level to 100 then the levels will revert back to the standard MT4 level settings in the indicator. {image} {file} Please consider there are only a few coders and a lot of requests and it is all done on a voluntary basis.
{quote} The RSI levels can be altered through the inputs and if you want to use it the same as the standard indicator set the RSI Upper level to 0 and the RSI Lower level to 100 then the levels will revert back to the standard MT4 level settings in the indicator. {image} {file} Please consider there are only a few coders and a lot of requests and it is all done on a voluntary basis.
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Dear @Cja, could you please share the mq4 file for this? I've been meaning to make some changes but can't do it without a mq4 file.
{quote} The RSI levels can be altered through the inputs and if you want to use it the same as the standard indicator set the RSI Upper level to 0 and the RSI Lower level to 100 then the levels will revert back to the standard MT4 level settings in the indicator. {image} {file} Please consider there are only a few coders and a lot of requests and it is all done on a voluntary basis.
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Hi cja SIR please make MTF indicator like this image or please upload mq4 file of this indicator if you are busy.
{quote} You cannot Alert for divergence before it has been established. RSI is well known to give several small divergences before the price turns, 3 to 4 divergences can often happen before the real divergence occurs which is why this indicator is coded the way it is with a 2 bar delay. A similar issue for example is trying to Alert on the exact point that Zigzag reverses, it cannot be established with any degree of certainty until several bars after the turn. 2 bar delay : This is how the indicator is currently set up to show divergence which...
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Hey hi, I found this thread, which is relevant to my question. As per the screen shot, I want to enter the trade right after the RSI Divergence Indicator signal generates, (that is bottom RSI Divergence Indicator arrow) that means opening price of next candle ( where I've marked my entry arrows above) But alert happens only after 1 candle. Why is it so? Even signal prints only after one candle. Is it possible to code a EA to get in to trade right after the signal?
{quote} Hey hi, I found this thread, which is relevant to my question. As per the screen shot, I want to enter the trade right after the RSI Divergence Indicator signal generates, (that is bottom RSI Divergence Indicator arrow) that means opening price of next candle ( where I've marked my entry arrows above) But alert happens only after 1 candle. Why is it so? Even signal prints only after one candle. Is it possible to code a EA to get in to trade right after the signal? {image}
{quote} The RSI levels can be altered through the inputs and if you want to use it the same as the standard indicator set the RSI Upper level to 0 and the RSI Lower level to 100 then the levels will revert back to the standard MT4 level settings in the indicator. {image} {file} Please consider there are only a few coders and a lot of requests and it is all done on a voluntary basis.
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Sir, please, could you share with us the code of this indicator? That will help me a lot with my trading.
{quote} The RSI levels can be altered through the inputs and if you want to use it the same as the standard indicator set the RSI Upper level to 0 and the RSI Lower level to 100 then the levels will revert back to the standard MT4 level settings in the indicator. {image} {file} Please consider there are only a few coders and a lot of requests and it is all done on a voluntary basis.
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That custom indicator is useless .
It's checking every high and low on the candle rather than the average close price that form a swing
