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MTF RSI Smoothed (recursive) - indicator for MetaTrader 5

Andrey Voytenko | English Русский 中文 Español Deutsch 日本語 Português

votes: 22
2014.01.16 10:19
2016.11.22 07:32

Recursive implementation of multi-timeframe smoothed RSI indicator.

The values of the standard Relative Strength Index indicator are smoothed using Simple Moving Average (SMA). To disable smoothing set the value of Smoothed <= 1.

The indicator uses the recursive call of itself for lower timeframes. This eliminates the need to create two indicators: the conventional and multi-timeframe (implemented by call of the conventional). Moreover, the multi-timeframe indicator can not work without conventional version. This code is useful rather as a demonstration of the special programming technique than unique oscillator for trading.

Indicator MTF RSI Smoothed

Translated from Russian by MetaQuotes Software Corp.
Original code:

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