Re: RSI Indicators for MT4

3007
mrtools wrote: Thu Jan 02, 2025 5:56 am RSI Summed with Multi-timeframe & Alerts

Last try, in more ways than one :) !

ps) on the slower rsi's you may have to adjust the periods down a bit.

What is the RSI Summed indicator?

This code is based on Mladen's indicator.

The RSI "Summed" evaluates the NNN (next-nearest-neighbour) RSI values defined by the periods parameter to determine whether all NNN RSI values exceed or fall below a specified threshold. If all values are above the threshold, it indicates an upward state; conversely, if all values are below the designated low level, it indicates a downward state. If the values are mixed, the indicator reflects a Neutral state.

It can be contended that this state could be determined by examining only the slowest RSI; however, this is not always the case, as it significantly depends on the periods selected. Therefore, the indicator will assess all the specified RSI values.

The periods can be designated as a list separated by colons. The default setting is 14;15;16;17;18;19;20;21.

For the Stochastic version of this indicator please see here: Stochastic Summed for MT4.
I was wondering if it might be possible to create CCI version ? and also add all prices Thanks again for everything you do!
These users thanked the author ujtrader for the post (total 2):
Jonex1995, Steam1
Don't fight the market let it reveal its tricks, then strike with precision. 💪🥊

Re: RSI Indicators for MT4

3010
mrtools wrote: Thu Jan 02, 2025 5:56 am RSI Summed with Multi-timeframe & Alerts

Last try, in more ways than one :) !

ps) on the slower rsi's you may have to adjust the periods down a bit.

What is the RSI Summed indicator?

This code is based on Mladen's indicator.

The RSI "Summed" evaluates the NNN (next-nearest-neighbour) RSI values defined by the periods parameter to determine whether all NNN RSI values exceed or fall below a specified threshold. If all values are above the threshold, it indicates an upward state; conversely, if all values are below the designated low level, it indicates a downward state. If the values are mixed, the indicator reflects a Neutral state.

It can be contended that this state could be determined by examining only the slowest RSI; however, this is not always the case, as it significantly depends on the periods selected. Therefore, the indicator will assess all the specified RSI values.

The periods can be designated as a list separated by colons. The default setting is 14;15;16;17;18;19;20;21.

For the Stochastic version of this indicator please see here: Stochastic Summed for MT4.
Thank you mr tools for your work only one request is to limit bars cause it consume alot of resourses


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