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Overview Karthik Dynamic RSI
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 NinjaTrader 8 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.
How Karthik Dynamic RSI works
This RSI for NinjaTrader 8 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.
Additionally, you can refer to this RSI NinjaTrader 8 pro version or consider exploring other free indicators for futures trading on NT8 that can enhance your trading effectiveness.Â
Dedicated NinjaScript Signals
- Signal_State: 1 = overbought, -1 = oversold, 0 = n/a
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
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.
Policies
Software license
Every purchase includes a perpetual software license, granting you the right to use the software indefinitely on the number of computers permitted by your license.
Installation & Onboarding
Every purchase includes guided installation assistance.
Purchases with Premium Services also include white-glove software setup and onboarding, along with personalized trading setup and workflow optimization.
Software updates & upgrades
Software updates & upgrades are provided at no additional cost.Â
For products with a modular structure, this coverage applies to the core product, while optional expansion modules may be offered separately.
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Remote assistance
Every purchase includes up to 3 complimentary remote assistance sessions, available within 30 days of purchase â with each session lasting up to 30 minutes.
Purchases with Premium Services include up to 6 sessions within 60 days of purchase, with priority scheduling and longer session durations.
Product exchange
Customers may request up to 3 product exchanges within 30 days of purchase, at little or no additional cost when exchanging for a comparable product.
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Returns & refunds
Due to the ease with which software products can be stored and copied, no returns will be accepted and no refunds will be issued.
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