Amplified RSI is a precursor to HSI that was developed with the purpose of optimizing RSI's oscillation to the most suitable frequency for trading with the patterns.
While more prone to extended divergences than HSI, Amplified RSI nevertheless has remained on our charts for its unique ability to signal frequent complex structures along with the accompanying market expectations that this provides us. It also has the advantage of not requiring as much historical chart data to be loaded on the chart in order to display the indicator (only thirteen bars as opposed to approximately five hundred bars of data in HSI's case.)
To load the Amplified RSI indicator into a chart:
•Look at the left-hand side of your MT4 program window and you should see the Navigator pane. Use the scrollbar to scroll up/down until you see the HPC folder. Click on the (+) icon to open the HPC folder. You should now see the list of all of the Harmonic Pattern Collection indicators. Note that if the Navigator pane is NOT displayed, just select the View option from the main MT4 menu and then select the Navigator option.
Chart Menu
•Double-click on the hpcAmpRSIIndicator and the Custom Indicator dialog will be displayed.
Indicators Dialog
•It will most likely be on the About screen. To access the indicator inputs, just click on the Inputs tab.
•Adjust the parameters as needed and then click on the OK button. The Amplified RSI Indicator will now be loaded into your workspace.
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