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Indicators

RSI 2 TimeFrames - indicator for MetaTrader 4

Alexey Surkov
Views:
28339
Rating:
(10)
Published:
2016.05.30 14:06
Updated:
2016.11.22 07:32
rsi_2tf.mq4 (2.51 KB) view
Download as ZIP, How to download code from MetaEditor
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This code is very simplistic idea of the oscillator, which takes into account values in multiple timeframes indicators Oscillator 3TF (https://www.mql5.com/en/market/product/15565).

This indicator allows you to monitor the current RSI values and user-defined timeframe at the same time.

Parameters:

  • Period - indicator calculation period.
  • NewTimeFrame - time (in minutes) of another timeframe:
    • 1 - M1;
    • 5 - M5;
    • 15 - M15;
    • 30 - M30;
    • 60 - H1;
    • 240 - H4;
    • 1440 - D1;
    • 10080 - W1;
    • 43200 - MN.

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This is a conversion factor. It is used to detect whether broker is 4 or 5 digits. As MetaTrader 4 calculates everything using point basis, coder can use this function to convert pips to point for machine reading.