RSI Reverse Engineering indicator

RSI Reverse Engineering indicator

With the RSI Reverse Engineering indicator, you are able to calculate the price of the next candle on a certain value of the RSI. E.g. what price is needed for the RSI to be at 70 on the next candle.

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. Matt B • 156 days ago #

    Thank you Louis. I just download,
    Which system do you recommend ?

    • Louis Winthorp III • 144 days ago #

      Hi Matt, there is not a specific system. For traders using the RSI in their setup, with this indicator they can see which share price is needed on the next bar to achieve a certain value RSI value. Let’s say the RSI(x) is currently on 76, and you want to know the share price the next bar if the RSI would touch the 80 line. The indicator gives you the needed share price.

  2. Kosuda76 • 152 days ago #

    Hi Louis! This indicator has helped me a lot, has tried to get the RSI 30 extracted in the graph without success. Can you help me?

  3. Louis Winthorp III • 144 days ago #

    Hi Kosuda76, have you downloaded the rsi_revengineering.itf file? Then you can set any value you want. (The example code above contains hard coded 70 and 14 values)

  4. Kosuda76 • 136 days ago #

    Thanks for your reply! But I do not really understand what the opposite of them the values ​​you entered. ;-(

  5. AdriTrade • 67 days ago #

    Good job Louis!! How could do this for the Williams indicator? Thank you very much.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
mcha merci bien et félicitations pour la réactivité avec laquelle il a été mis dans la bibliothèq...
soulintact Great indicator Nicolas, thanks!
Nicolas Why do you think this code is for MT4?
souf Bonjour Nicolas, J'ai tenté de créer un screener dans ProScreener, j'ai obtenu le message...
Nicolas Si ces variables ne sont pas utiles, il faut tout simplement les supprimer du programme.
GraHal @discomusic have you thought about starting a Thread on the Forum below as this is the norm ...
fifi743 Hello, I made some changes attached here cordially
discomusic Hi GraHal! Thanks for the suggestion: I have just created this thread: https://www.prorealco...
PastaPesto Thank you for your reply jebus, 1. As I said, earlier years arent so good, could be a probl...
Paul Optimized the days in a week and it seemed that Tuesday and Friday are not good days to trad...
PastaPesto Thanks Paul for the tips about testing balance. I am actually struggeling with breakeven o...
Vicari0us Hi Nicolas, How do I incorporate this indicator into my strategy? I mean what do I call ...
Nicolas Use the CALL function: https://www.prorealcode.com/documentation/call/ 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...
Nicolas
5 months ago
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...
Bebbo Grazie del prezioso contributo Nicolas, scusa la mia inesperienza, sono alle prime armi e s...
Nicolas To avoid recalculation, you should use the one from this post.
Bebbo Ok Grazie Nicolas.
bolsatrilera
7 months ago
jissey Bonjour Bolsatrilera, je trouve le cm rsi interessant, merci de l'avoir mis à disposition ! ...
bolsatrilera bonjour jissey, je n'ai aucune information sur ce que tu dis, je suis désolé.
supertiti Hola Ale Can we have this same code from Nicolas's code in smoothed heikin Ashi? Sorry...
ALE Ok, We can discuss in the topic "3D Candlesticks TOPIC" Write me more details
Nicolas
9 months ago
enricot Ciao Nicolas scusa se ti scrivo qui, ma sono nuovo e nn riesco a creare un nuovo post, cio...
enricot Scusa nn riesco.
SoloContado If you smooth the signal using a "summation" function, you get a nice "crossing of 0" graph....
Etienne Hi, thanks for proving this code. I would like to contribute by adding a computation speed...
Etienne //Compute Super Smoother coefficients once if barindex = 1 then a1 = exp( -1.414 * 3.14159...
Nicolas Thanks a lot!

Top