This is a metatrader 4 version of the metatrader 5 version already posted here :Â MyRsi
John Ehlers introduced a variation of rsi calculation (as a part of another indicator) that he decided to call MyRSi. Since it produces results different then the built in rsi, it seemed as logical step that we should have that indicator too. Kept the name, but again : that name is used by John Ehlers (not me)
Compared to built in rsi, there are some significant differences :
it is ranging from -1 to 1 (hence zero cross can be used as a sort of signal)
values are apart from different ranges) different than built in rsi and the signals (if we take level 50 as signals for built in rsi) are different
MyRsi with NET - indicator MetaTrader 4 In December 2020 issue of TASC, John Ehlers published an indicator called MyRsi with NET (MyRsi with Noise Elimination Technology)…
