RSI mt4

there is someone who knows how to calculate the rsi on the chart window just as a value, in such a way that the value of RSI appears in the chart window, for example RSI: 28.456 ??

thank you

You can just look at the data window. It will have the RSI value

Balakrishna posted:
You can just look at the data window. It will have the RSI value

Yes, data window is useful in this case! By the way, initially I used RSI but right now, I am not.

Why dont you just use indicator that use RSI as the main avarage value.

voketexpert posted:
Why dont you just use indicator that use RSI as the main avarage value.

because I do not want to take up more space on the chart

Balakrishna posted:
You can just look at the data window. It will have the RSI value

because I do not want to take up more space on the chart, I just need the rsi value, for example in corner of the chart window

Does this fit your fancy?

I would try to avoid looking at the absolute value of the RSI. I just wait for divergence signals or for value to be over 80 or below 20. You can add a horizontal line to the chart so that you can easily see this

TR4DEX posted:
Does this fit your fancy?

yes, it was exactly what I wanted

thank you

GreatGame posted:
I would try to avoid looking at the absolute value of the RSI. I just wait for divergence signals or for value to be over 80 or below 20. You can add a horizontal line to the chart so that you can easily see this

Hi mate, are you are trading only based on RSI? Really? I think, trading based on only technical tool is really challenging! Waiting for your update.

Have to use price as well. Using technical alone is madness according to normal theory. But if it works for you I would like to know more...

I think, you meant trading chart? Isn’t ?? Yes, analyzing on trading chart is very much important; even I think it’s more important than any other technical tool.

Has anyone used RSI combined with stochastic? These two oscilators seem like they would work well together

Dambovita posted:
Has anyone used RSI combined with stochastic? These two oscilators seem like they would work well together

From my experience I can say one thing using multiple indicator will not improve your trading strategy but it will only complicate things. You can use single indicator on different timeframe or period to define long, medium or short term trend to develop your strategy. Using multiple indicator you only overoptimize your strategy and overoptimize strategy only perform in backtest but fail in live trading.

LongVision posted:

Dambovita posted:
Has anyone used RSI combined with stochastic? These two oscilators seem like they would work well together

From my experience I can say one thing using multiple indicator will not improve your trading strategy but it will only complicate things. You can use single indicator on different timeframe or period to define long, medium or short term trend to develop your strategy. Using multiple indicator you only overoptimize your strategy and overoptimize strategy only perform in backtest but fail in live trading.

Agree with you! Because, I have also similar experience as like your statement! This is why now my major is price action trading.

Price action when the RSI(14) is >70 or < 30 is significant . I find RSI very useful to find zones when the market is at an extreme and price action can be very powerful. Just a thought

Having said that, I find that trade entry is the least part of a consistently profitable strategy and plan.

terry750nz posted:
Price action when the RSI(14) is >70 or < 30 is significant . I find RSI very useful to find zones when the market is at an extreme and price action can be very powerful. Just a thought

Hi
That does not work only create confusion. Range within 30 and 70 is where small price changes makes RSI larger swings. I use real time RSI range for momentum analysis. Take a look my charts you will see how it’s working. This is my own design.
cheers,
Jim

Hi,
Looks interesting. Good for you, but still miss my point- entry is the least important part of success IMHO. Once I got passed that barrier, consistency came. Anything with an edge will work when the rest of the plan is in place. I hope your trading goes well.
Terry