[Free] Karthik Dynamic RSI

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Product Description

[NEW System] Zephyrus Force: Smart and unique Trailing stop for optimal exit points. See the charts now!

It has been claimed that traditional oscillators like RSI do not evolve well with the market, due to their fixed overbought and oversold thresholds. That's why some traders have introduced their own RSI versions which can dynamically define overbought and oversold regions, adapting to market conditions.

This RSI version was introduced by Karthik, a very kind technician who has helped the community so much with his amazing trading researches: karthikmarar.blogspot.gr. We just converted the indicator from AmiBroker language to NinjaTrader language. The formula of the indicator is rather complicated; if you want to learn it, please visit the author's website.

This RSI uses dynamic high line, low line, center line as great replacements for 70 level, 30 level, 50 level of the traditional RSI. The RSI staying above high line signals overbought, while the RSI staying below low line signals oversold.

Key features:
  • Plot dynamic RSI, high line, low line, center line
  • Let you define overbought and oversold regions by setting probability values (in the NT7 version, probability values range from 0 to 0.5; in the NT8 version, probability values range from 0 to 50)
  • Let you choose from 9 popular moving-average types to configure center line
    NT8 only
  • Colorize RSI plot based on whether it is above or below center line
  • Paint overbought & oversold regions
  • Be NinjaScript ready for advanced usage, only restricted by your imagination
  • Expose dedicated NinjaScript signals
    NT8 only
Dedicated NinjaScript signals:
  • Signal_State: 1 = overbought, -1 = oversold, 0 = n/a

Media

Software Changelog

  • 10 Nov 2021 - Massive changes, fixes and improvements were made (display name, Z order).
  • 27 Sep 2018 - The indicator was re-exported to be compatible with recent changes of the platform; the toolbar menu was removed.
  • 02 Sep 2016 - Setting groups were reordered; the indicator was re-exported to be compatible with recent changes of the platform.
  • 25 Jul 2016 - The indicator was released (converted from its NT7 version).
  • 03 Sep 2014 - The indicator was released.

Product Media

These media materials may have been recorded/captured in favorable markets. Please review our acceptable marketing practices.

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From very happy customers... 500+ reviews →
  1. product_image [Free] Karthik Dynamic RSI $$
    5 5

    Free Bid-Ask Display And USD Index Tools From ninZa.co: A Trader's Must-Have

    ninZa.co has something for every trader including forex. Two of their tools I use daily are Bid/Ask Display and USD Index. Both are FREE tools from ninZa.co. Thank you ninZa.co! Bid/Ask Display can be used in the NT8 Market Analyzer as well as on charts. The key to using it is to watch the spread and not enter when the spread is wider than normal, like when the day rolls over and when money flows from one-time zone to another. Now for USD Index, it is a synthetic dollar index composed of the USD pairs on your forex feed. It compares favorably with the dollar index on Kinetic feed and with the ICE (intercontinental exchange). The key to using USD Index is you will need a licensed NT8 so you can connect to multiple feeds simultaneously. For example, my NT8 connects to Rithmic, Forex.com, and Kinetic simultaneously. The value of USD Index is in its correlation and anticorrelation relationship with Forex USD pairs, Gold, Crude Oil, and Equity indexes. Do a google on dollar correlations and you will find some profitable clues to monitor. Make some forex charts with USD Index indicator applied. It can be put in a subgraph or overlaid it on the pair price data, but assign it to the left scale and forex data on the right scale. Then watch for congruent trends when the USD is the base (USDJPY) and anti-congruent trends when it isn't the base as in EURUSD. Watch for the turning points. The dollar index trend relationship isn't exactly 1 to 1, and it can be leading or lagging, so wait for the synchronicity.

  2. product_image [Free] Karthik Dynamic RSI $$
    5 5

    Effective indicators and excellent customer support team

    Robin is the most supportive person and Indicators from ninZa.co are so effective.

  3. product_image [Free] Karthik Dynamic RSI $$
    5 5

    Market Profile Indicators. This review covers the Market Profile Total, Market Profile Flexible and Market Profile Daily indicators.

    Well built and very reliable indicators. Performance is also excellent. I'm relying on these indicators in my day to day trading, using the L2ST trading framework. To anyone interested in profile trading, no matter if it's time or volume based, I can't recommend them enough. Also, Pi offers excellent customer service, both before and after purchase.

  4. product_image [Free] Karthik Dynamic RSI $$
    5 5

    a satisfied customer

    I am one of the original RenkoKings Platinum users and recently grandfathered into the ninZa.co family due to the changes in ownership of RenkoKings Platinum. The original method was already very good, but the change in ownership and introduction of certain additional indicators by ninZa.co have greatly enhanced the method. The individual trader's discretion is still required, but the decision-making process (including entry arrows, etc.) has been simplified to an "if this then that" exercise, thanks to the upgrades in the RenkoKings Platinum package. Apart from this, I have been a regular client of ninZa.co for quite a few years and use a number of their indicators, as I find them very much aligned with my trading style. In fact, whatever your trading style is, ninZa.co has something that will improve what you currently do! ninZa.co's biggest gift to the trading world has undoubtedly been their unique ninZaRenko bar. There are many different "customized" Renko bars available (at a price), but the ninZaRenko bar is hands down the very best, and due to ninZa.co's generosity, it is available for free! This simply indicates the philosophy of the organization and is reflected in their high quality of customer service, response times, and overall mindset to solve their clients' issues. There are many vendors with quality products, but I have found that ninZa.co is the very best for both their products and their service.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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