Acerinvest Posted May 3, 2010 Report Share Posted May 3, 2010 This indicator is almost good enough to trade on its own. Give it a try. http://www.4shared.com/file/L59whd7T/StochasticRSI.html cazador, vince-ac, radicaltour and 8 others 11 Quote Link to comment Share on other sites More sharing options...
huuu Posted May 3, 2010 Report Share Posted May 3, 2010 what time frame and what pairs works best for you with this? Quote Link to comment Share on other sites More sharing options...
Elma Posted May 4, 2010 Report Share Posted May 4, 2010 Hmm...what is the setting? Default setting show just a normal stoch only.... Quote ~Money often costs too much~ Link to comment Share on other sites More sharing options...
Acerinvest Posted May 4, 2010 Author Report Share Posted May 4, 2010 Put it on a 15 minute chart and then overlay a 14/4/9 Stochastic. Scan back over the past and look at points where the StochRSI crosses down below 20 or up above 80. The StochRSI is a much faster indicator which more definative signals down or up. The Stochastic indicator is much smoother but lags and gives a weaker signal in my opinion. I would not use the StochRSI indicator alone but is useful if combined with say a nonlag MA to determine when to get in and out of a trade. Play with it and see if it helps your trading system. I am always trying to improve my system and find indicators that compliment each other. My opinion is that indicators can help but I am horrified when I see screenshots with a dozen or so indicators. Find three or four at maximum and work with them rather than constantly changing to the next holy grail. Indicators should prop up what you see from price action rather than being a fly-by-wire trading system in their own right. synergy and huuu 2 Quote Link to comment Share on other sites More sharing options...
Acerinvest Posted May 4, 2010 Author Report Share Posted May 4, 2010 Just playing about with this indicator I have observed what could be quite an effective but very simple trading system. Take a look at this and let me know your thoughts. Set up a chart say on EURUSD M15 and add the Stochastic RSI indicator. Sell when the line goes down through the 80 line. The indicator will drop down and through the 20 line. Then it will probably bimble about for a while. When it then jumps up through the 20 line close the trade and start a long trade. The indicator will then jump up through the 80 line, bimble about a bit and then drop back through the 80 line. This is the point to reverse the trade to a sell. Quote Link to comment Share on other sites More sharing options...
vladv Posted May 5, 2010 Report Share Posted May 5, 2010 Could anyone post some screenshots with actual use of this indicator? Quote Link to comment Share on other sites More sharing options...
cashdaily Posted May 5, 2010 Report Share Posted May 5, 2010 Hi, I noticed, this indicator consume so much memory... Quote Link to comment Share on other sites More sharing options...
Acerinvest Posted May 5, 2010 Author Report Share Posted May 5, 2010 Hi Cashdaily I am very much a beginner at coding so it is possibly not coded as efficiently as it could be. I have not found a problem running it myself. Any suggestions for improvement? Quote Link to comment Share on other sites More sharing options...
harisrib Posted May 5, 2010 Report Share Posted May 5, 2010 My meta traderplatform is exiting unexpectedly with this indicator.. Please help Quote Trade the signal, don't chase it Link to comment Share on other sites More sharing options...
osaze Posted May 5, 2010 Report Share Posted May 5, 2010 My meta traderplatform is exiting unexpectedly with this indicator.. Please help U need to update ur metatrader 4 to the latest version Quote One obvious truth.FOREX IS ANYTHING BUT EASY Link to comment Share on other sites More sharing options...
Acerinvest Posted May 5, 2010 Author Report Share Posted May 5, 2010 What problem are you seeing? I am assuming that you have loaded this indicator under experts/indicators in your MT4 file? My meta traderplatform is exiting unexpectedly with this indicator.. Please help Quote Link to comment Share on other sites More sharing options...
Acerinvest Posted May 5, 2010 Author Report Share Posted May 5, 2010 Take a look at the attached. (Please someone let me know how I can display images on this forum!) The indicator I have used to confirm trend is a non-lagging MA. Trade is simply buy where the arrow is pointing up and close the trade/open a sell trade where the arrow points down. It's not always right but the hit rate is pretty good isn't it? http://www.4shared.com/document/-t7Ehn7n/stochasticRSI_trading_example.html Quote Link to comment Share on other sites More sharing options...
harisrib Posted May 6, 2010 Report Share Posted May 6, 2010 What problem are you seeing? I am assuming that you have loaded this indicator under experts/indicators in your MT4 file? I added the indicator in correct place.when i attact it to charts, it hangs the platform and exits.. Quote Trade the signal, don't chase it Link to comment Share on other sites More sharing options...
jjames Posted May 6, 2010 Report Share Posted May 6, 2010 Hi Acer, Did you put the arrows by itself and do you preffer 5 min timeframe for this i like it because it is verry kiss can use it together with naked like fibs and sup&res Quote Link to comment Share on other sites More sharing options...
Acerinvest Posted May 6, 2010 Author Report Share Posted May 6, 2010 I put the arrows in myself to show entry and exit points. I was looking at M15, M30 and H1 though there is no reason why it should not work on shorter TFs. I agree that it should be used alongside something else and fibs, S&R or pivots would work. I quite like nonlagMA or simply three EMAs set to 5, 13 and 62 to confirm trend. I did get good results working with just the StochasticRSI and price action on a simulator on M15 EURUSD though I haven't tested this live. Quote Link to comment Share on other sites More sharing options...
fx4a Posted May 15, 2010 Report Share Posted May 15, 2010 I get an invalid link. Please re-upload indicator. Quote Link to comment Share on other sites More sharing options...
Acerinvest Posted May 15, 2010 Author Report Share Posted May 15, 2010 Yes. I cleared out a lot of files on my 4shared account. It was getting rather full. I have re-uploaded it on the link below. IT is a good indicator but does seem to slow up the system - not sure why. http://www.4shared.com/file/ehGup3GV/StochRSI.html Quote Link to comment Share on other sites More sharing options...
dannydon786 Posted June 28, 2011 Report Share Posted June 28, 2011 link does not work upload it again please Quote Link to comment Share on other sites More sharing options...
forex93 Posted June 28, 2011 Report Share Posted June 28, 2011 Here are two links with Mt4 indicators including StochRsi: http://www.greattradingsystems.com/Mt4indicatorlist-S.html http://forexfeeds.blogspot.com/2007/09/indicator-for-metatrader-4.html hermes 1 Quote Link to comment Share on other sites More sharing options...
hermes Posted June 29, 2011 Report Share Posted June 29, 2011 Murphy's law in action - only the StochRsi is missing. Lot of interesting indicators. FX Garage Sale? Hermes Quote Link to comment Share on other sites More sharing options...
vladv Posted June 29, 2011 Report Share Posted June 29, 2011 Please share StochRSI here!Thanks!! Quote Link to comment Share on other sites More sharing options...
4xmeter Posted June 29, 2011 Report Share Posted June 29, 2011 (edited) How about this one instead! I mean while.. http://www.4shared.com/file/70Nsud/santabanta.html Edited June 30, 2011 by 4xmeter t2g 1 Quote Link to comment Share on other sites More sharing options...
nnn123 Posted June 29, 2011 Report Share Posted June 29, 2011 Hi Acer, Did not find any of your indicators. Do you still use them? If so, can you please let us have them. Thanks. This indicator is almost good enough to trade on its own. Give it a try. http://www.4shared.com/file/L59whd7T/StochasticRSI.html Quote Link to comment Share on other sites More sharing options...
Stonecold69 Posted June 29, 2011 Report Share Posted June 29, 2011 Doh, the minute I asked question I found answer..... For those interested the StochRSI can be found on the second link given in the earlier post but it is a text file which you will need to compile using MetaEditor which you WILL have as part of your MT4 package..... Anyone need help on how to then just PM me :-) Stone Quote Link to comment Share on other sites More sharing options...
dannydon786 Posted June 30, 2011 Report Share Posted June 30, 2011 all links dead please download again Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.