Watch how to download trading robots for free

Find us on Telegram!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

5246

Rating:

(16)

Published:

2018.09.12 10:54

RSI adaptive EMA - fl.mq5 (12.53 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Background :

This indicator is an extended version of the RSI adaptive EMA indicator (originally published here : RSI adaptive EMA )

Extension added :

In order to avoid some false signals (since the slope of the RSI adaptive EMA can change too many times in ranging market) this version is adding floating levels as a criteria for trend change. You have an option to chose between two color changing modes :

color change when outer levels are crossed
color change when middle level (a sort of a "zero line") is crossed

Usage :

Use color change as signal,. Some experimenting with levels is advised prior to usage in live trading

RSI adaptive EMA ribbon

MACD of RSI adaptive EMA

Range Action Verification Index - extended

Kaufman ama - with floating levels

RSI adaptive EMA - floating levels - indicator for MetaTrader 5