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2015.03.20 10:47
Indicators

Smoothed_RSI and RSI_of_MA - indicator for MetaTrader 5

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Smoothed RSI indicator and RSI of Moving Average.

There are two ways to smooth RSI:

  1. Whether someone calculate an RSI (first line) and then smooth it and get a Smoothed_RSI: (second line)
  2. Whether someone get an MA and then take the RSI of this MA, this will be an RSI_of_MA (first line), then it is possible to smooth this RSI_of_MA (second line).

For the people to see the diference between the two ways, selecting "show_both = true", one will see the two ways on the same chart;

The green line is the RSI_of_MA.

Smoothed RSI indicator and RSI of Moving Average.

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