I Cant Seem to Create this Indicator

Beginner Questions
1

Hi,
What I need is very simple; an exponential moving average OF the RSI value for trade station or trading view.
I’ve tried all I can to achieve that but it just doesn’t happen. All I found was putting the two together which of course doesn’t work because the EMA in that case represents the value of price rather than the RSI.

The cross over system of that indicator proved to me on countless occasions it can capture the big moves as they happen. Unfortunately I can only use it on MT4 which I don’t have any more.

Any help?

2

Maybe (or maybe not) helpful, use your existing broker on trade-station, download another brokers MT4 demo platform and use that for charting (& the EMA/RSI indi).

3

Hi Philip,

For TradeStation the following code should do the trick:

inputs:rsiprice(c),rsilength(10),avglength(10);
vars:myrsi(0),myavg(0);

myrsi=rsi(rsiprice,rsilength);

myavg=xaverage(myrsi,avglength);

plot1(myrsi);
plot2(myavg);

The indicator will have three inputs, and you will need to set these from the indicator’s inputs tab.

If you need any more help to implement this then just let me know.

Kind regards,

Nick

4

It’s not working for some reason. May be it’s because I’m using Trade station II which uses Marketscope 2.0

Thanks for your help though.

5

Hi Phillip,

Yes, it would appear that you’re using a completely different charting platform to the one I provided code for Trade Station as opposed to TradeStation.

The difference a space can make!

Regards,

Nick

6

Oops my bad