RSI 50 X Scalping System

Quoting tienphuc2910

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{quote} can you share the mq4 file, i am currently using mt4. Thank

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Quoting niks

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{quote} you can try this for now, it will draw a vertical line, you can look it up in the object list {file}

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Quoting driven18

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{quote} What is this blue color? It is not on the chart. {image}

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Quoting niks

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{quote} i was going to use that to highlight the signal but it was hard to see so i'll remove it, the vertical line is easier to see but they are only showing for one direction at the moment, i will fix it so it shows both and re upload a bit later

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Quoting Outcast918

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the script I have shared with you all calculates the RSI by the close of the previous candle not the real time candle. so as soon as a 15m candle closes it starts counting from it which aligns with the overall logic, the results might be disappointing of the system since the repaint version historically shows a massive number of wins. The script I have shared shows realistically what to expect from the system, never the less still a solid system that can definitely be profitable. EVERYONE IS FREE TO TAKE THIS CODE AND MAKE IT BETTER. I don't mean...

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Quoting elea

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As I have already said: You can´trade in this way with this indicator. But I want help. If you want use the logical of this strategy, and this is :RSI Period 14 cross at same time >< 50 in 5M TF and also 15M TF trading 1M TF, this could be the way: - 1M chart. - Load RSI period 70 (RSI Period 14 x 5 minutes=70). - Now load again RSI Period 210 in same Window (RSI 70 Period x 3 15 minutes chart). That´s all. Now you will see a real signals and you can do BTs. The rest is a waste of time in my humble opinion.{image} EDIT:Now I see the same post for...

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Quoting 180213

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It would be awesome to see mr.smil3 or Outcast918 or totomagic create a pinescript strategy using 70 and 210 lengths rsi now that we acknowledge the effect of repainting on results...

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//@version=4
// Outcast
study("Multi RSI with 50 Cross Over", shorttitle="Multi RSI with 50 Cross Over")
len5m = input(70, title="Length Fast", type=input.integer)
len15m = input(210, title="Length Slow", type=input.integer)
timeframe = input(title="Time Frame", defval="", type=input.resolution)
src = input(close, title="Source", type=input.source)
x = input(50, title="XCross", type=input.integer)
 
hline(price=x, title="X CROSS")
 
rsi5m_raw = security(syminfo.tickerid,"" ,rsi(src, len5m))
rsi15m_raw = security(syminfo.tickerid,"", rsi(src, len15m))
 
plot(rsi5m_raw, style=plot.style_stepline,color=color.blue, title="RSI 5m", linewidth = 2)
plot(rsi15m_raw, style=plot.style_stepline,color=color.green, title="RSI 15m", linewidth = 2)
 
crossUp = crossover(rsi5m_raw, x) and crossover(rsi15m_raw, x)
crossDown = crossunder(rsi5m_raw, x) and crossunder(rsi15m_raw, x)
 
bgcolor(color= crossUp ? color.blue : na)
bgcolor(color= crossDown ? color.red : na)

Quoting Outcast918

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Hi its done, see the script below: //@version=4 // Outcast study("Multi RSI with 50 Cross Over", shorttitle="Multi RSI with 50 Cross Over") len5m = input(70, title="Length Fast", type=input.integer) len15m = input(210, title="Length Slow", type=input.integer) timeframe = input(title="Time Frame", defval="", type=input.resolution) src = input(close, title="Source", type=input.source) x = input(50, title="XCross", type=input.integer) hline(price=x, title="X CROSS") rsi5m_raw = security(syminfo.tickerid,"" ,rsi(src, len5m)) rsi15m_raw = security(syminfo.tickerid,"",...

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Quoting driven18

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{quote} I appreciate this. Please be aware, there is some sort of bug. Can you give a color selection for Up(example green) or Down(example red). So not to take over the thread, we can take it offline, i am a full time trader and can test it out good. {image}

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Quoting mr.smil3

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{quote} {quote} I'm forked original indicator script to easy follow this logic, hope this helps. {image} {file}

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Quoting mr.smil3

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{quote} {quote} warning: this indicator is repainting. none repainting version required some tweaks. eg: alert only after 15candle closed. {image} {file}

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Quoting driven18

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{quote} I appreciate this. Please be aware, there is some sort of bug. Can you give a color selection for Up(example green) or Down(example red). So not to take over the thread, we can take it offline, i am a full time trader and can test it out good. {image}

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Quoting niks

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{quote} here is final version with red and green lines, multiple lines issue should be resolved, and they will be deleted when the indicator is removed... {image} {file}

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Quoting niks

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{quote} here is final version with red and green lines, multiple lines issue should be resolved, and they will be deleted when the indicator is removed... THERE WILL BE NO MT4 VERSION - JUST MT5 {image} {file}

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Quoting driven18

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{quote} I am not sure why this green line is here, no push above 50 for the 4Hr TF. Does it mean it was over 50 at one point? {image}

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