Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2016.10.26 14:16
Indicators

Composite RSI - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Published by:
Mladen Rakic
Views:
1507
Rating:
votes: 12

The name of the composite RSI might mislead a bit.

Composite RSI is not "compositing" RSIs but is a rather new way of calculating the RSI.  Unlike the RSI that is a sort of a momentum indicators, composite RSI is more a trending indicator. It tends  to filter out insignificant price changes and seems to be good in identifying the underlying trends

This version has, as an aid in filtering "trends" an addition of floating levels (which are intended to make the significant levels that are usually used for trend finding dynamic instead of being static) and allows multiple modes of price pre-filtering mode. Also, it includes alerts and is already a multi time frame indicator (it does not require any other file - this is a single file multi time frame indicator) and is one in the series of indicators for metatrader 5 that will be made as single file, full fledged indicators with all the usual options that we are already used to when it comes to serious metatrader 4 code too.



Moving Averages with Colors Moving Averages with Colors

"Classical" MA with a twist: colors change depending on the angle of the slope.

NonLag MA NonLag MA

MetaTrader 5 version of NonLag MA.

Super Passband Filter 2.0 Super Passband Filter 2.0

Super pass-band filter as described by John Ehlers

T3 floating levels T3 floating levels

T3 with floating levels