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MEF - RSIOMA v1.0

Feb 11 2020: NT8 version is here: NT8 indicator

RSIOMA MetaTrader indicator port � this indicator takes two moving averages, calculates their RSI (Relative Strength Index) and then also adds a moving average of the calculated RSI. These two lines now can accurately signal the trend changes. They are shown in the separate window where they change from 0 to 100. Additional histogram indicator is shown for quick reference below the lines.

On the picture the bold blue line is RSI of the moving averages, the thin violet line is its moving average. RSI above MA and RSI above level 50 is a signal of a bullish trend. RSI below MA and RSI below level 50 is a signal of a bearish trend. One can also buy when the RSI breaks level 20 from below and sell when RSI breaks level 80 from above, but those are weaker signals. Histogram provides quick reference. Green lines signal BUY, red signal SELL, magenta mean overbought, blue mean oversold.

Category NinjaTrader 7 Indicators

Details: MEF - RSIOMA v1.0
Category: NinjaTrader 7 Indicators

February 11th, 2020
Size: 4.36 KB
Downloaded: 554 times

Keywords: mef rsioma

Comments/ratings

john5 January 28th, 2020 12:57 PM

Hello,

It says in the description that it takes two moving averages and calculates their RSI. What are the two moving averages used for this calculation? Please elaborate.

Thank you.

Robyn February 11th, 2020 10:29 AM

Thanks.

Oriole February 11th, 2020 12:12 PM

Thanks, is this available for NinjaTrader 8?

jmh13 February 11th, 2020 12:37 PM

Is there a NT8 version?

ZivG May 22nd, 2020 08:55 PM

Love it. Thank you!