Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

bretter

RSI Modification on Levels?

Recommended Posts

I am trying to duplicate an indicator, but not having much luck on my own. The attached picture shows it all:

 

1. The red histogram is the indicator I would like to match.

2. The cyan line is a straight 9-bar RSI from TS. (normalized and set around midpoint of 50 to show + and -)

 

The question:

What am I missing? The baseline RSI looks correct, but what else needs to be added to achieve the correct levels on each bar? Ideas?

 

I don't need a hard coding answer - just some experience from you guys to show me where to look. What can I do to modify the RSI to match the original levels along with the same basic structure of the RSI? Another RSI? Linear Regression? (tried several versions of those already) In your collective knowledge of indicators, which direction should I head to try?

 

Note: One of the inputs to the original is 45 and I have verified that for the first 45 bars of a chart, this indicator will not display in TS.

 

Backstory:

To make a long story short, I have a purchased, proprietary set of indicators. I would like to make a TS strategy using these indicators for backtesting and potentially automated trading. The developer refuses to make it a function or to open it up, and hand entering trades is a royal pain. I already have reversed all of the other indicators, just this one is left. Just need a little help to get my strategy working.

 

 

Thanks!

RSI.thumb.JPG.2260350871da28564078e99f8c0ed90c.JPG

Share this post


Link to post
Share on other sites

that's clever reverse engineering...

 

so... the black box is nothing more than a tweaked RSI !?!?!

 

probably he added a dynamic variable to the display.

 

eg.

if the MA is up, then multiply the +RSI by x factor,

if the MA is down, then multiply the -RSI by y factor.

 

 

just a thought.

Share this post


Link to post
Share on other sites

Actually, I did manage to figure it out - and learned a good bit in the process!

 

It is actually a straight 45-bar CCI.

 

When I get the time, I need to sit down and figure out the math relationships between RSI and CCI - they look to be pretty coordinated but different levels!

Share this post


Link to post
Share on other sites

Did you duplicate it exactly?

If its still not right, post a data file with the O,L,H,C and the indicator value and I'll take a crack at it. I've a pretty good track record of duplicating indicators from their output.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
    • In my opinion these candlestick charts are more easier to understand as compared with the other charts.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.