The exotic Advanced RSI, an even more user-friendly extension of the RSI The exotic Advanced RSI is an even easier-to-use improvement of RSI, an indicator favored by many people from beginners to advanced traders, from scalpers to swing traders. Exotic Advanced RSI has the following features that are not included in the standard RSI in MT4!

Ability to see overbought and oversold conditions using Bollinger Bands based on RSI
Multi-time frame function that also allows you to see the RSI of the upper leg
Ability to automatically depict divergence of RSI
Ability to display RSI smoothed RSI smooth lines

We will explain one by one the features attached to the above exotic advance RSI.

RSI Bollinger Bands

One of the uses of the RSI is that it is often viewed as overbought or oversold. For example, "If the RSI is above 70, it is overbought, and if it is below 30, it is oversold. However, with the exotic Advanced RSI, you can attach Bollinger Bands to the RSI and judge overbought or oversold by looking at the breakdown of the upper or lower Bollinger Band line. Also, when the upper or lower Bollinger Band line is broken, a yellow dot is displayed so that you can tell at a glance that the RSI has broken the Bollinger Band!

Adding Bollinger Bands to the RSI allows us to look at the RSI from a new perspective.

Use the multi-timeframe feature to see what's going on with the other time legs!

The exotic Advance RSI has a multi-timeframe function. The multi-time frame function means that you can display the exotic Advance RSI on a higher time frame that is not the one you are currently looking at. For example, you can have the exotic Advance RSI displayed on the 5-minute chart, and then have the upper hourly exotic Advance displayed on the 5-minute chart.

You can simultaneously view the hourly exotic Advance RSI on a 5-minute chart, allowing for multi-time analysis. The multi-timeframe feature is very convenient because it saves you the trouble of opening and closing charts for different time frames.

New method devised using an even smoother line of RSI!

The exotic Advance RSI displays the RSI Smooth Line, a line that is a smoother version of the RSI.

This RSI smooth line is a smoothed line of the original RSI. Golden Cross and Debt Cross lines can be seen crossing each other. Furthermore, this RSI Smooth Line changes color depending on the angle. The RSI Smooth Line changes color under the following conditions When it is rising, it changes color to red. When the line is going down, it changes color to blue. Gray color change when it is in a turning point This RSI smooth line and RSI can be used for new methods, stop-losses, and entry point guidance that cannot be devised with the standard RSI. The RSI Smooth Line is also highly customizable, as you can freely change the smoothness of the line with parameters, and even hide the line if you no longer need it.

Automatic detection of RSI divergence

The exotic advance RSI will automatically detect when divergence occurs and depict it on the chart and in the exotic advance RSI. When using the automatic divergence detection function, change the parameter "Dv Display" to "true". The default setting is "false". If you change the "Dv display" parameter to "true," divergence will be detected automatically. Divergence detects not only regular divergence but also hidden divergence.

*The color and thickness of the divergence can be set by parameters! In case of regular divergence of buy A light blue line will be drawn if a regular divergence to buy occurs. In the case of a buy Hidden Divergence A yellow line is drawn when a buy Hidden Divergence occurs. In case of regular divergence of sale A purple line is drawn when a regular divergence of the selling occurs. In the event of a Hidden Divergence in selling A red line is drawn when a selling Hidden Divergence occurs.

Divergence sensitivity is also adjustable

The sensitivity to detect divergence can be adjusted from "Divergence Sensitivity" in the parameter settings. By increasing the value of the divergence sensitivity, the sensitivity becomes higher and more divergences will be detected. Lowering the value will reduce the number of detected divergences, but will detect divergences with higher accuracy.

Parameter Setting

timeFrame...This is the time frame setting for MTF analysis. If "Current" is set, MTF is turned off.
nMaxBars...you can set the range to be displayed
Dv display...You can set to show/hide divergence.
Divergence Sensitivity...Set the sensitivity for detecting divergence.
Dv check period...you can set the period of time when divergence is detected
RSI period...Sets the RSI period
RSI Smooth Line Display...You can set to show/hide the RSI smooth line.
RSI Smooth Level...Setting the level of RSI smoothness
BB Display...You can set to show/hide the Bollinger Bands
BB period...setting the duration of the Bollinger Band
BB deviation...Bollinger Band period setting
Alert Notification...if set to true, you can set up an alert notification when the lower and upper limits of the Bollinger Band are exceeded.
Email Notification =If set to true, an email notification can be set up when the lower and upper limits of the Bollinger Bands are exceeded.
Divergence design setting items

異国のアドバンスRSI【7/24迄ご利用可能版】