Watch how to download trading robots for free

Find us on Telegram!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 5815
Rating:: (13)
Published:: 2018.07.09 13:46
Updated:: 2018.09.19 14:22

Stoch_RSI.mq5 (11.72 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

StochRSI (Stochastic Relative Strength Index) was developed Tushar Chande and Stanley Kroll in 1994. The developers aimed to increasing the sensitivity of RSI (Relative Strength Index), the disadvantage of which is fluctuation between boundary lines and no signals to open a position.

The indicator has seven configurable parameters:

RSI Period - RSI calculation period;
Stoch Period - Stochastic calculation period;
Stoch Slowing K - K line deceleration period;
Stoch Slowing D - D line deceleration period;
Applied price - the calculation price;
Overbought - overbought level;
Oversold - oversold level.

Calculation:

K = SMA(SKI, Stoch Slowing K)
D = SMA(K, Stoch Slowing D)

If Min != Max:

SKI = 100.0 * (RSI - Min) / (Max - Min)

otherwise:

SKI = 100.0
RSI = RSI(RSI Period, Applied price)

Max, Min - the highest and the lowest value of RSI over Stoch Period

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21111

RIND

Indicator "Range Indicator."

SRange_Contraction

A signal indicator of daily ranges.

TAI

Indicator Trend Analysis Index.

TII

Indicator Trend Intensity Index.

Stoch_RSI - indicator for MetaTrader 5