Moving Average of RSI

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Moving Average of RSI


Moving Average of RSI

Author: Elvin


This indicator is the same as the the Relative Strength Index indicator, but with another line: the SMA of this indicator (RSI values coincide with the platform ones). The Moving Average can give better signals than the indicator itself. The Top and Bottom level lines, the indicator colors and periods are adjustable when adding the indicator to the chart. Position can be opened when the level line is intersected by the Moving Average.









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MAofRSI.act MAofRSI.act (3.46 KB, 2,233 views)

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No Member Photo by Josh posted Friday, October 29, 2010
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Hi, id like to use this indicator with Metastock. Is it possible to translate the formula into the Metastock formula language? Thanks.
No Member Photo by brabus posted Friday, December 11, 2009
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Thanks a lot, elvin! I like the design of your charts btw :-)
No Member Photo by elvin posted Thursday, December 10, 2009
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That's because it is not a strategy, but a custom indicator. Try to add it in the Indicator Editor :-)
No Member Photo by Gregor Anton posted Thursday, December 10, 2009
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I get an error adding your strategy, error on line 10, column 19, undeclared identifier "Separated"
No Member Photo by Mango posted Thursday, December 10, 2009
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Cool! Thanks, elvin! The MA is no as jumpy as the RSI itself :-)


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