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Indicators

DayRSI - indicator for MetaTrader 4

Mikhail Sergeev
Mikhail Sergeev
Mikhail Sergeev is a qualified specialist in the field of trading with 17 years of experience. An expert in the development of indicators and trading systems for MetaTrader 5.
I work in a team with the best guys from TrendRiders. Together we create powerful tools for analyzing stock charts.
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DayRSI is the Relative Strength Index indicator, in which the indicator period is calculated automatically using the number of bars of the current day.

Timeframe: M1-D1. At the first run, the indicator needs some time for calculation.

DayRSI

Recommendations:

  • Use it for making decisions during intraday trading.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/13480

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