RSI DECODER – https://www.mql5.com/en/market/product/46354
RSI DECODER MT5 –https://www.mql5.com/en/market/product/46355
“Time is the most important factor in determining market movements and by studying past price records you will be able to prove to yourself history does repeat and by knowing the past you can tell the future. There is a definite relation between price and time.” -William Delbert Gann
RSI DECODER is a Price Action/Price Pattern detection Indicator which uses historical data to validate a current pattern or profile to predict the probability of future price close based on forecast requirements given.
Fundamentally it forms a 3D (3 dimensional) box and contains all the taken data from history and cluster the buy and sell probability for forecast given.Thus User gets well knowledgeable prediction to trade with.
Advantage of using RSI DECODER:
*Self Learning Algorithm.
*Faster and Superior than any other Machine Learning Models like Neural Networks,Regressions,SVM,Decision tree,Random Forest etc.
*Faster response rate on switching TimeFrame.
*Precision based Profile detection, Controls Noise allocation based on user requirements
*Custom Precision Percentage (Max_Allowed_Change).
*Custom Email,Push Notification Alerts.
M30 and Above.
Major features considered in Profile detection are
*Relative Strength Index of the profile with respect to adjacent price.
*Smoothed Relative strength Index.
*Correlation with Price.
*when rsi_period is 5 (smaller value) we get more number of profile_detected because it spreads allover the range 0-100 levels.so,rsi_period is inversely proportionalto profile_detected.
*Lookback_period is directly proportional to profile_detected.
*max_allowed is directly proportionalto profile_detected.
Details on Important Input Parameters:
*Forecast_close=Close price of specified bar in future for prediction.
*LookBack_Period = No. of Bars to look in historical memory for exact Profile.
Note:Download Required Historical Data as per LookBack Period.
*RSI_Period = No. of Bars to consider for calculating Relative strength index.
*RSI_MA_Period = No. of Bars to consider for calculating average of Relative strength index.
*Max_Allowed_Change= % of exact match of recent profile with respect to detected profiles.
*Alert_Probability=Probability of getting Alert.
*Alert_Profile_Detected=Alert on exceeding No. Of profile detected.
*x_axis,y_axis = Positioning of Display Dashboard on Chart.
Buy Probability = ( Price Rise / (Price Rise + Price Fall) *100.
Sell Probability = ( Price Fall / (Price Rise + Price Fall) *100.
Buy = Up Arrow Popup
Sell = Downl Arrow Popup