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2016.03.07 11:44
Turn Area Chart

Turn Area Chart - indicator for MetaTrader 4

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The display of the RSI indicator in the main window of the chart relative to the moving average indicator.

Description of the indicator settings:

  • EMA_Period — The averaging period for the calculation of the Moving Average indicator.
  • EMA_Method — SMA — simple averaging, EMA — exponential averaging, SMMA — smoothed averaging, LWMA — linearly weighted averaging.
  • EMA_Price — CLOSE — close price. OPEN — open price. HIGH — High price for the period. LOW — Low price for the period. MEDIAN — median price, (high+low)/2. TYPICAL — typical price, (high+low+close)/3. WEIGHTED — weighted close price, (high+low+close+close)/4.
  • RSI_Period — Averaging period for the RSI calculation.
  • PSI_Price — applied price. Similar to EMA_Price.
  • Level_RSI_UP — the upper level, the potential sell area.
  • Level_RSI_DN — the lower level, the potential buy area.

EURJPY chart, H1, 2016.01.23 07:11 UTC, InstaForex Group, MetaTrader 4, Demo

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14852

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