garyfritz wrote:

SWG123 wrote:It would facilitate decision making if the data could be presented in a more visually recognisable way but really it's not a big deal.

I tweaked the indicator to display the pairs in order of "rate of RSI change:"

SortRSI.gif

The numbers in brackets are the RSI change today and yesterday. So e.g. GBPJPY is at the top of the list, with its RSI jumping 7 since yesterday. But the day before it was flat. USDJPY jumped 6 today but DROPPED 4 the day before. So maybe EURCAD or GBPUSD are better candidates, since their RSI rose steadily for the last two days. (Or not. I'm not sure if this is useful information.) Their RSIs are also lower so it's probably earlier in the trend move. Does that help, SWG?

string GetArrow(int delta) {

   if (delta > 5) return(CharToStr(233)); //up arrow
   if (delta > 1) return(CharToStr(236)); //45 degree up arrow
   if (delta >=-1) return(CharToStr(232)); // right arrow
   if(delta >=-5) return(CharToStr(238)); //45 degree down arrow
   return(CharToStr(234));                //down arrow
}

SteveHopwood wrote:George, Gary, do not take what I am about to write as a criticism. The day I criticize you two, I shall ask my wife to blow out what passes for my brains.

Mind, I am a wimp so I would probably duck.

I think you are over-complicating what is essentially very simple. There is either a trend as measured by the Rsi (>55 or <45) or there isn't. My strategy trades when there is a trend in place.

Given the essential trend thingy, from there it seems daft to me to trade into if unless Rsi is heading in the right direction.

Having said that, I am not sure that it matters if Rsi is heading in the right direction when measured against the close of yesterday. Take a buy trade as an example. I will only take a buy if Rsi is > 55. My Waiting EA will only take the next buy if the market has broken through the next level of resistance, and so Rsi is heading in the right direction because the market has risen. So, does it actually matter if Rsi at the time of the trade is > the close yesterday? It is rising, or the market would not have broken the resistance.

Ok, so I am using (eg for a buy) the fact that Rsi must be rising higher than yesterday's close but this might be a spurious requirement based on the fact that this is still a young trading system invented by someone (me) with a lousy record for inventing trading systems. It could well turn out to be that all we need to do is trade in the direction of the trend when the market breaks through the next level of support/resistance. Not sure yet.

Also, I do not need to trade everything that moves. I have found that a few trades go a long way once the trend picks up pace. Today's Rsi being > yesterdays for a buy is another way of filtering out some pairs.

So, I respectfully (and I really do mean 'respectfully'; I am sure you understand that I will state when I do not mean 'respectfully') suggest that you stop confusing the issue with discussions about what happened to Rsi a couple of days ago.

gaheitman wrote:You are right, of course. For my part, I just wanted to draw pretty arrows on a chart.

George

SteveHopwood wrote:

gaheitman wrote:You are right, of course. For my part, I just wanted to draw pretty arrows on a chart.

George

Not stopping you, and of course one contributor wants my original indi beautifying. There must be potential for arrow drawing there. Not going to argue if you want to do a bit of prettifying along with adding a bit of TIG sauce.

SWG123 wrote:I don't think it needs beautifying. Would be nice to be able to see it without squinting though!

garyfritz wrote:

SWG123 wrote:I don't think it needs beautifying. Would be nice to be able to see it without squinting though!

George's improvement is perfect for that. You can specify the font, color, and SIZE. If you increase the font size you'll need to increase the ydelta parameter so the lines don't squish together.

Here's a slight mod to George's change. I removed the Comment()-based display, since George's text replaces it. I also added an "up/down" arrow for "long/short" to make it a bit more visual, fixed a minor error I introduced, added a few missing pairs from the TradePairs input, and added code to clean up George's text when you remove the indy.

SWG123 wrote:

garyfritz wrote:

SWG123 wrote:I don't think it needs beautifying. Would be nice to be able to see it without squinting though!

George's improvement is perfect for that. You can specify the font, color, and SIZE. If you increase the font size you'll need to increase the ydelta parameter so the lines don't squish together.

Here's a slight mod to George's change. I removed the Comment()-based display, since George's text replaces it. I also added an "up/down" arrow for "long/short" to make it a bit more visual, fixed a minor error I introduced, added a few missing pairs from the TradePairs input, and added code to clean up George's text when you remove the indy.

Wonderful George and Gary, thank you! Much easier to scan.

garyfritz wrote:

SWG123 wrote:I don't think it needs beautifying. Would be nice to be able to see it without squinting though!

George's improvement is perfect for that. You can specify the font, color, and SIZE. If you increase the font size you'll need to increase the ydelta parameter so the lines don't squish together.

Here's a slight mod to George's change. I removed the Comment()-based display, since George's text replaces it. I also added an "up/down" arrow for "long/short" to make it a bit more visual, fixed a minor error I introduced, added a few missing pairs from the TradePairs input, and added code to clean up George's text when you remove the indy.