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RSI_Oscillator_Histo.mq5 (11.32 KB) view

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RSI Histogram Oscillator displays a smoothed difference of two different-period RSIs as a colored histogram.

It has three adjustable parameters:

Calculations:

OscRSI = SMA(RAW, Smoothing)

where:

RAW = FastRSI - SlowRSI

FastRSI = RSI(Fast RSI period)
SlowRSI = RSI(Slow RSI period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22801

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RSI_Oscillator_Histo - indicator for MetaTrader 5