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Indicators

RSI_With_Step_MA - indicator for MetaTrader 5

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449
Rating:
votes: 9
Published:
2018.06.06 14:32

RSI calculated using the specified smoothing type is displayed in a separate window.

It has five input parameters:

  • RSI period - RSI calculation period;
  • Step - the range for calculating the positive and the negative components of RSI;
  • MA period - smoothing period;
  • MA method - smoothing method;
  • MA applied price - price used for the calculation of the smoothing MA.

Calculation:

RSI[i] = 100-(100/(1 + Positive/Negative))

where

Positive, Negative - the sum of positive and negative increments (Diff),
Diff[i] = MA(Period_MA)[i]-MA(Period_MA)[i-Step]

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20451

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