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Internal_Strength.mq5 (14.41 KB) view

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Internal Strength oscillator. The indicator specifies the point of a daily range the price is located in.

It has four inputs:

Calculation:

Если Calculation mode = RSI

Internal Strength = RSI(Data,RSI period)

where:

Data = (Close  - Low[i]) / HL
HL = High - Low

Fig. 1. Internal Strength mode HLC

Fig. 2. Internal Strength mode RSI

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22351

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