RocketRSI by John Ehlers

RocketRSI by John Ehlers

In “RocketRSI—A Solid Propellant For Your Rocket Science Trading” in the may 2018 issue of Traders tips, author John Ehlers introduces a new take on the classic RSI indicator originally developed by J. Welles Wilder. Ehlers begins by introducing a new version of the RSI based on a simple accumulation of up and down closes rather than averages. To this he applies a Fisher transform. He tells us that the resultant output is statistically significant spikes that indicate cyclic turning points with precision.


Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. criscolci • 05/06/2018 #

    Thanks a lot!

  2. Bard • 05/06/2018 #

    Cheers for doing Ehler’s latest indicator Despair, much appreciated.

  3. Etienne • 255 days ago #

    Hi, thanks for proving this code.
    I would like to contribute by adding a computation speedup. figures are unchanged, the indicator computes 5x faster.

  4. Etienne • 255 days ago #

    //Compute Super Smoother coefficients once
    if barindex = 1 then
    a1 = exp( -1.414 * 3.14159/ ( SmoothLength ) )
    b1 = 2 * a1 * Cos( 1.414 * 180/ ( SmoothLength ) )
    c2 = b1
    c3 = -square(a1)
    c1 = 1 – c2 – c3

    drawhline (0)
    drawhline (OBOSLevel) coloured(255,0,0)
    drawhline (-OBOSLevel) coloured(255,0,0)

    if barindex > RSILength then
    //Create half dominant cycle Momentum
    Mom = Close – Close[RSILength – 1]

    //SuperSmoother Filter
    Filt = c1 * ( Mom + Mom[1] ) / 2 + c2 * Filt[1] + c3 * Filt[2]

    //Accumulate “Closes Up” and “Closes Down”
    CD = 0
    CU = 0

    if Filt[0] > Filt[1] then
    CU = Filt[0] – Filt[1]
    CD = Filt[1] – Filt[0]

    RCU = summation[RSILength](CU)
    RCD = summation[RSILength](CD)

    if RCU + RCD 0 then
    MyRSI = ( RCU – RCD ) / ( RCU + RCD )

    //Limit RocketRSI output to
    //+/- 3 Standard Deviations
    MyRSI = min(max(MyRSI,-.999),.999)

    //Apply Fisher Transform to establish
    //Gaussian Probability Distribution
    RocketRSI = .5 * Log( ( 1 + MyRSI ) / ( 1 – MyRSI ) )

    return RocketRSI coloured(0,0,255) as “RocketRSI”

Register or


avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
ggolfet I tried to use it (with prorealtime version 11 - end of day version). I receive an error mes...
Nicolas Try to reduce the displayed units of the chart. MaxScale should always be superior to Start...
ggolfet Thanks Nicolas, I imported the itf file and solved the problem.
Marie-Eve Vergoz lorsque je copie les codes, le système me signale des erreurs à la ligne 12 et suivantes
Marie-Eve Vergoz sorry - tout est ok -
2 months ago
Marcot18 Alex ti sei superato
AlexF Esagerato!
ALE :-) thanks
Santi Hola amigos. El indicador con la nueva versión de PRT funciona muy mal, no dibuja igual que ...
Santi Salut, les amis. L'indicateur avec la nouvelle version de PRT 11 fonctionne très mal, ne fon...
Juanjo Hola, Buscando un sistema valido para operar el squeeze, he reprogramado el indicador para ...
mauro1966 BRAVO....
sir_i Bonjour à tous, Je suis nouveau sur le forum et sur la plateforme, pourriez-vous me dire com...
Nicolas Il faut simplement l'appliquer sur le prix.
sir_i Merci pour la réponse, je ne suis pas familier avec l'application de cette procédure simple,...
Nicolas Merci de formuler la demande dans un nouveau sujet dans le forum approprié.
Hugues Bontour Ok ;-) Normalement c'est au bon endroit. Merci à toi
Juanjo Hola Muchas Gracias por el indicador, ...queria preguntar si se podria añadir la visualiza...
mcha merci bien et félicitations pour la réactivité avec laquelle il a été mis dans la bibliothèq...
soulintact Great indicator Nicolas, thanks!
Nicolas Si ces variables ne sont pas utiles, il faut tout simplement les supprimer du programme.
souf Bonsoir Nicolas, Je te remercie d'avoir pris le temps de me répondre. J'ai essayé de s...
souf Hi Luxrun, I hope everything is OK for you. Did you succeed turning this indicator int...
Tony87 on 200k test in the red untill 2017 then strong green
LancerX Please indicate the trade stat to show ave gain against average lost..
Jan Wind Thanks for sharing the strategy !. Did you do an Out of Sample run when testing on the 100k...
Gaby333 super this what I was looking for from Monday I will put this in real time to see what can d...
PastaPesto Hi Gubben, It would be interesting to know what changes you have done and also your backtes...
Gubben @PastaPesto, for GBP USD mainly inspired by Paul it was 2% stoploss and 45 take profit, also...
Vicari0us Hi Nicolas, How do I incorporate this indicator into my strategy? I mean what do I call ...
Nicolas Use the CALL function: or use the 'fx' butto...
Vicari0us Perfect thanks! I got it
myhlo Super Nicolas !! Cet indicateur offre une nouvelle lecture du Rsi ! Ces bandes up & Dawn...
luxrun Good evening Nicholas, I can not see the colors on the line of the moving average, but only ...
Nicolas Yes, you must choose the oscillator that will color the moving average. Example: ONCE UseC...
marao the old version I have does not allow importing. It is very old, I think the version 2 of PRT.
bala Hi Nicolas, I have been extensively researching for lot of answers here. I found that you...
Nicolas Don't apply it on price, use the main "indicator and trading system" button found on the top...
11 months ago
Louis Winthorp III Hi Kosuda76, have you downloaded the rsi_revengineering.itf file? Then you can set any value...
Kosuda76 Thanks for your reply! But I do not really understand what the opposite of them the values ​...
AdriTrade Good job Louis!! How could do this for the Williams indicator? Thank you very much.
luxrun Thanks, bolsatrilera, for a very good and solid screener!
luxrun sorry... indicator!
Lily Rios Gracias por el indicador, tengo una pregunta necesito programar un screener de valores que e...