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Indicators

MTF RSI Smoothed (recursive) - indicator for MetaTrader 5

Andriy Voitenko | English Русский 中文 Español Deutsch 日本語 Português
Views:
11277
Rating:
(24)
Published:
2014.01.16 10:19
Updated:
2016.11.22 07:32
Download as ZIP, How to download code from MetaEditor
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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 Ltd.
Original code: https://www.mql5.com/ru/code/2186

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