The Cronex T RSI GF indicator

Modification of the RSI indicator
Changes:

  • Changed the number of dimensions (specifically to simplify use in experts)
  • The line of the main indicator is composed of 4 with period shifts
  • Added a line of smoothing based on T3 (I do not remember whose algorithm it is)
  • The signals are moved to separate buffers
  • Placed BB on T3 to improve the clarity of changes

Do not use it as a standalone trading tool, it is designed for confirmation of trend indicators.


Attached Files:

Posted By jeromerobeets : 20 July, 2020
Related Article

Hello everybody! I have no experience with this indicator, but maybe it will help someone. Forex Trading System Best mt4 Scalping Forex Indicator MEGA FX PRO 75% WiningYou will learn how to get money from the FOREX market on demand. It sucks all the mystery out of forex trading - especially if you're TOTALLY clueless about it. I realized that I didn’t want to have to spend hours in front of the computer and I needed a way to simplify a few things on my MT4 to make things more convenient so that I could focus on my trading.  

Hi......Guys.......Set of these five indy. not bad for good 1H set up...Tweaking around may give convincing results..Good Luck........  

Percentage Price Oscillator (PPO) is a very close neighbor of MACD indicator.   PPO standard settings are similar to MACD settings: 12, 26, 9, and PPO, same as MACD shows the difference between the two Moving averages, with one difference, that PPO shows it in percents.   Trading with PPO is similar to trading with MACD indicator, with the same zero line crossover rules, divergence etc.   Reasons for using PPO instead of MACD   by having the percentage measurement rather than price values (for example PPO = 3%), it becomes possible to compare currency pairs with their rising/falling % against each other, regardless the actual prices. PPO also offers a better interpretation of the two moving averages in relation to each other. Again, this absolute percentage value allows to make comparisons across time frames, regardless the market price.   Percentage Price Oscillator formula     PPO = (Shorter-term EMA – Longer-term EMA) / Longer-term EMA   Standard settings for PPO are: 12 period EMA, 26 period EMA, 9 period EMA (same as with MACD) but traders can use any other sets of Moving averages.   PPO signal line = 9 EMA of PPO


Post your comment