RSI 50 X Scalping System

Quoting driven18

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Interesting play on Momentum. I believe I am correct in identifying 3 signals on 15 min TF with 30 min and 60 min TF for RSI, Buy Buy and Sell..first Buy did not worked out well, 2 other signals worked out. totmagic, do you enter on close of the HA Candle after the signal? {image}

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Quoting HitTheBid

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Nicely 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.[/quote ] Yes, it will repaint after the 15 min bar closes .. RSI bars are higher TF 30m and 60 min and they can go under 50 when they close.

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Quoting HitTheBid

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Nicely 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.

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Quoting HitTheBid

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Nicely 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.

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Quoting HitTheBid

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Nicely 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.[/quote ] Common sense - Yes, it will repaint after the 15 min bar closes .. RSI bars are higher TF, 30 min and 60 min and they can go under 50 when they close. I trade Breakouts and thought this maybe helpful.

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Quoting gerval

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Thanks 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}

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Quoting HitTheBid

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Nicely 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.

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Quoting niks

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{quote} này, trừ khi tôi thiếu thứ gì đó, còn không thì mt4 hoặc mt5 sẽ không có vấn đề gì để hiển thị tf rsl cao hơn trên biểu đồ 1 triệu mà không cần sơn lại và nó sẽ chỉ cập nhật khi thanh tf cao hơn đóng lại, phải không ý bạn là sao? {hình ảnh}

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Quoting transmat

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Có vẻ như chỉ báo này có một số lỗi nhưng hãy thử bằng cách đặt tốc độ làm mới thành 1 phút và xem điều đó có giải quyết được sự cố không... (ít nhất là một phần) {file}

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Quoting tienphuc2910

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{quote} I also realized like you, I was looking for a way to fix this problem, because it was not possible to constantly refresh the chart. Have you found a fix yet?

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Quoting niks

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{quote} hey, unless i'm missing something there should be no issues in mt4 or mt5 to display higher tf rsl's on the 1M chart without repaint and it will only update when higher tf bar closes this is a snapshot of 5M and 15M RSI's on a 1M chart, it does not repaint per tick, it just updates when higher tf bar closes, seems to work fine for me... {image} there's plenty out there, here is one for mt5 https://www.mql5.com/en/code/23327

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Quoting TheJube

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Hi all, What you can use instead of the RSI line indicator, to be 100% sure that the RSI crosses the 50 level, is to use this handy MTF RSI histogram. I will post the settings etc. so you can get what i have on my chart {file}{file} {image} {image} {image} {image} This way you don't need to worry about zooming in/moving charts, to see if both lines crossed the 50 level

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Quoting tienphuc2910

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{quote} I also realized like you, I was looking for a way to fix this problem, because it was not possible to constantly refresh the chart. Have you found a fix yet?

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Quoting gerval

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{quote} Not for now, the indicator would need to stay flat until both M5 and M15 update at the close of candle 5 or 15, as the totomagic indicator seems to do, it doesn't make sense what the indicator reads on M1. But with autorefresh from transmat it could work, with refresh in M1 or directly in M15, which is when the two lines must be crossed as indicated by totomagic. Thank you transmate.

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Quoting TheJube

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Hi all, What you can use instead of the RSI line indicator, to be 100% sure that the RSI crosses the 50 level, is to use this handy MTF RSI histogram. I will post the settings etc. so you can get what i have on my chart {file}{file} {image} {image} {image} {image} This way you don't need to worry about zooming in/moving charts, to see if both lines crossed the 50 level

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Quoting 8tango

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{quote} This indicator repaint the last 3 or 4 bars.

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