The peak/bottom could show the top level of RSI. When rsi passed the top/bottom value it indicated a buy/sel signal.
It can show the signal earlier but still need some filter, so this methode could be combined with others indicator as a filters.
Red arrow is peak and Yellow arrow is bottom.
I want to plot/draw rsi level based on peak/bottom possition. but i have a problem about the code to modify this indicator. need help to make it perfect.
I want to plot all of the peak/bottom towards then we will get any level at the peak/bottom. and when rsi cross the peak/bottom line, the level will be terminated 1 candle after crossing.
the calculating & plotting of others level will be continued until rsi cossing the level again.
can any body help???
MT4 Indicator Download – Instructions
RSI Peak & Bottom is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
RSI Peak & Bottom provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install RSI Peak & Bottom.mq4?
- Download RSI Peak & Bottom.mq4
- Copy RSI Peak & Bottom.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on RSI Peak & Bottom.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator RSI Peak & Bottom.mq4 is available on your Chart
How to remove RSI Peak & Bottom.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: