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Views:: 3631
Rating:: (11)
Published:: 2018.07.13 15:57

Adaptable_RSI.mq5 (13.22 KB) view

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Oscillator Adaptable RSI, unlike standard RSI, allows you to select a method to calculate intermediate data that is calculated in standard RSI by the SMMA method only.

It has five configurable parameters:

Period - calculation period
Method - intermediate data calculation method
Applied price - calculation price
Overbought - overbought level
Oversold - oversold level

Calculations:

ARSI = 100.0-100.0/(1.0 + MA_Gain/MA_Loss)

where:

MAGain = MA(Gain, Period, Method)
MALoss = MA(Loss, Period, Method)

If diff > 0
```
Gain = diff
```
Otherwise
```
Gain = 0
```

If diff < 0
```
Loss = -diff
```
Otherwise
```
Loss = 0
```

diff = Price - PrevPrice
Price = MA(Applied price, 1)

In figures below, the Adaptable RSI is shown as compared to standard RSI:

Fig 1. Period 14, method SMA

Fig. 2. Period 14, method EMA

Fig. 3. Period 14, method SSMA

Fig. 4. Period 14, method LWMA

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21314

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Adaptable_RSI - indicator for MetaTrader 5