Equation based custom indicator | Forex Factory

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Equation based custom indicator

  • #1
  • First Post: Edited Dec 9, 2016 11:06am Nov 30, 2016 6:02pm | Edited Dec 9, 2016 11:06am
Hi All,
Any idea on weighted price and rsa?
  • #2
  • Nov 30, 2016 6:30pm Nov 30, 2016 6:30pm
Instead of calculating a weighted price ... why don't you calculate directly the weighted RSI ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Nov 30, 2016 6:55pm Nov 30, 2016 6:55pm
You can use iRSIOnArray() function.
Trading is the hardest way to make easy money...
  • #4
  • Nov 30, 2016 8:54pm Nov 30, 2016 8:54pm
Thank you Ferru and Math for your reply.

@Ferru - I want to look both at weighted average and RSI thats why

@Math - Thank you for input. How about solving the first problem. The chart or line of the weighted average?

Once again, thank you for your reply and input.
  • #5
  • Dec 1, 2016 4:25pm Dec 1, 2016 4:25pm
Quoting harupit
Thank you Ferru and Math for your reply. @Ferru - I want to look both at weighted average and RSI thats why @Math - Thank you for input. How about solving the first problem. The chart or line of the weighted average? Once again, thank you for your reply and input.
You can compute USDX values according to your formula, [USDX=0.5*GBPUSD+0.25*USDJPY+0.1*USDCAD+0.1*AUDUSD+0.1*NZDUSD] and store the values into an array, then use the iRSIOnArray() function.
Trading is the hardest way to make easy money...
  • #6
  • Last Post: Dec 2, 2016 2:50pm Dec 2, 2016 2:50pm
Thank you Mathtrader,
Got the things resolved. I have too much to learn in MQL4 yet...
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