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FTS Toolkit - RSI Returning Signal - Indicator showing significant RSI returning signals

Discussion in 'Forex Tactical Squad' started by Peter O, Jul 15, 2013.

  1. Alonedevils

    Alonedevils Master Sergeant

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    Hy Bro ..
    Thats Was Great Indi, And Like Use Trade With RSI, I have any question, is Possible To Display Closed Price on RSI Automatically ? :)
    Thanks Peter.
     
  2. HiramC

    HiramC Recruit

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    Dear Peter

    Many thanks for this nice indicator :)

    Please could you (and other kind FPA members) also share your entry and exit strategies around this indicator? That would be very interesting and certainly of great help to me.

    Thanks in advance. Keep up the good work!

    Best regards

    Hiram
     
  3. Refan37

    Refan37 Recruit

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    I can't seem to get it to work. The file is only 1Kb and consists of 1 long line of text when I open it up in MetaEditor.
    And when I drag the indicator on my chart nothing appears.
     
  4. Peter O

    Peter O Special Consultant to the FPA

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    Yup, seemingly the file is broken, let's try this:

    View attachment FPA=RSIReturningSignal.mq4

    Tell me if it works. It should be somewhat more than 5kb.
     
  5. Pakito99

    Pakito99 Private

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    Hi! Sorry, I'm new to forex trading, but which MT4 do you refer? Do I need to install one to my PC ? I currently using a browser-web based one. I know it's a dumb question but I'm curious.
     
  6. charlottedag

    charlottedag Recruit

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    Wow. Looking forward to try it as well.
     
  7. Peter O

    Peter O Special Consultant to the FPA

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    These are MetaTrader4-specific codes so yes, you need to have one installed on your PC. Then you need to copy this mq4 file into {MT4}\experts\indicators and after restarting MT4 you can drag this indicator on any chart.
     
  8. Bernhard33

    Bernhard33 Private, 1st Class

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    thanks the indi works fine with me.
    any advice how is best to use it? a method or system?
    Is the signal better if its happen near oversold level?
     
  9. Peter O

    Peter O Special Consultant to the FPA

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    Returning signal is a good confirmation of a trend reversal - or at least the trend exhaustion - for many traders (and for me among them). So probably it's easy to integrate it into your daily trade plan.

    Anyways, I like to use some additional logic to simply watching current levels. Like this: returning curve after and extreme value.

    So I hope it makes you more profitable guys and girls :)
     
  10. CosFX

    CosFX Recruit

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    FTS Toolkit - RSI Returning Signal - Indicator showing significant RSI returning signals.PNG
    When I am trying to download the RSI indicator I get only a php file (attachment.php)
     

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