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 Post subject: RSI check
PostPosted: Wed Mar 21, 2012 6:57 pm 
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Joined: Wed Jul 27, 2011 6:22 am
Posts: 14
I want to create an TA that closes out a Buy trade if the RSI > 70 on the Hourly Chart. How do I do this. I checked the manual and saw the TA+ has variable that you create using the MTVAR icon. I cant see this icon. Could you please tell me where this is. Is there an example that does this that I can look at and copy from.


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 Post subject: Re: RSI check
PostPosted: Thu Mar 22, 2012 8:42 am 
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Joined: Tue Dec 22, 2009 12:22 am
Posts: 1761
Please take a look at http://www.molanis.com/products/molanis ... rs-for-mt4
Example 7

7. RSI indicator Overbuying/Overselling strategy

Download EA for MetaTrader 4 now!

Buy signal: RSI falls lower than a certain level (30) and then rises above it.

Sell Signal: RSI rises higher than a certain level (70) and then falls below it.

Use that in a 1 hr chart.

To use variables check http://www.molanis.com/products/molanis ... or-builder
or read the latest user guide at molanis.com/support/manuals

You need to unhide the icon to use it. The latest examples in the examples page use variables


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