Hi Guys this might sound stupid, I had the same problem a Ludowillems, but when I put the Rmi Indicator located in the Rmi Zip in my indicator folder, the mtf indicator worked. Why? I dont know. I am not a coder
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| A better OB/OS indicator? https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3563 |
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| Author: | snailfx [ Mon Apr 14, 2014 2:58 pm ] |
| Post subject: | A better OB/OS indicator? |
Hi, Few month ago i started to study RMI indicator and i was able to improve my trading results so i like to draw your attention to this indicator. The RMI (Relative Momentum Index) is a variation of the RSI indicator (a description is in RMI code). RMI(14,1) is identical with RSI(14). Next picture is self explanatory. There are RMI (14,5) for D1,H4 and H1 : - RMI above/below 85/15% suggest a bigger retracement or direction change than above/below 70/30%; - most of the time after RMI enter in the extreme OB/OS zone, PA will form a new HH/LL (RMI will form a divergence); - LTF RMI above/below HTF RMI "pull" the HTF RMI in that direction ; - multiple direction changes between 30-70% could be considered as ranging zone or a slow advance in the direction of the HTF RMI ; MTF_RMI could be used in backtesting. For long trend pairs RMI behaves different. In the same manner could be compared Stochastic(21,3,7). If it is a better OB/OS indicator I will let you to decide, for me it is. |
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| Author: | 123Reverse [ Wed Apr 16, 2014 1:52 am ] |
| Post subject: | A better OB/OS indicator? |
Am I doing something wrong with the MTF_RMI? It does not compile, giving these errors: error - 'return' - expressions are not allowed on a global scope RMI_MTF.mq4 79 1 warning - not all control paths return a value RMI_MTF.mq4 77 1 warning - variable 'shift' not used RMI_MTF.mq4 94 7 |
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| Author: | snailfx [ Wed Apr 16, 2014 4:18 am ] |
| Post subject: | A better OB/OS indicator? |
It was coded pre 6xx. Try this one. |
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| Author: | thomasmore [ Fri Apr 18, 2014 8:21 am ] |
| Post subject: | A better OB/OS indicator? |
The 6xx- version gives a blank... |
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| Author: | Wavegarrick [ Fri Apr 18, 2014 8:35 am ] |
| Post subject: | A better OB/OS indicator? |
Hi Guys this might sound stupid, I had the same problem a Ludowillems, but when I put the Rmi Indicator located in the Rmi Zip in my indicator folder, the mtf indicator worked. Why? I dont know. I am not a coder |
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| Author: | thomasmore [ Fri Apr 18, 2014 8:52 am ] |
| Post subject: | A better OB/OS indicator? |
Yes, that' correct: it works! Thanks. |
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| Author: | fajst_k [ Sat Apr 26, 2014 1:12 am ] |
| Post subject: | A better OB/OS indicator? |
This RMI indicator is based on Empty4 RSI implementation which is not Wilder RSI implementation but who knows what implementation... here is a link to screenshots and comparision of Wilder RSI and Empty4 RSI http://www.forex-tsd.com/Empty4-4/8 ... post673192 next post has a Empty4 code of Wilder RSI So I believe this indicator must be updated to match Wilder RSI implementation Krzysztof |
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| Author: | snailfx [ Sat Apr 26, 2014 6:50 am ] |
| Post subject: | A better OB/OS indicator? |
I'm not a coder. I only modified a shell MTF using RMI indicator found on forexfactory and as Wavegarrick noted it is necesary to have both indicators (RMI and RMI_MTF) in the indicators folder. |
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| Author: | snailfx [ Sat Apr 26, 2014 8:03 am ] |
| Post subject: | A better OB/OS indicator? |
Another way to analize RMI by modifying OnChart Stochastic indicator. |
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