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Indicators

Rsi(var) - indicator for MetaTrader 5

Igor Durkin | English Русский 中文 Español Deutsch 日本語 Português

Published by:
Mladen Rakic
Views:
1446
Rating:
votes: 12
Published:
2018.02.01 11:37
Rsi(var).mq5 (16.47 KB)view

Indicator was originally developed by Igor Durkin. Quoting his description (originally posted here : https://www.mql5.com/en/forum/175870)

Igor Durkin:

...

So-called normal RSI uses EMA smoothing with period = 2*Length-1 (or Wilder's smoothing with period=Length).

I've developed RSI indicator with my algorithm of calculation.

Now you can use any values for length and any kinds of smoothing.

...

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Rsi(var) with averages Rsi(var) with averages

Rsi(var) with averages.

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HOPS and LOPS indicator. The "HOPS" and "LOPS" stand for High Of the Previous Session and Low Of the Previous Sessions.