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Indicators

Internal_Strength - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português
Views:
5847
Rating:
(16)
Published:
2018.12.18 19:21
Download as ZIP, How to download code from MetaEditor
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Internal Strength indicator.

The indicator has three input parameters:

  • RSI period - RSI calculation period
  • Calculating method - calculation method
    • Price - calculation at High/Low/Close prices
    • RSI on price - RSI at High/Low/Close prices
  • Drawing type - display type
    • Line - line
    • Bars - bars

Calculation:

IS = Data

where:

  • If Calculating method = Price
    Data = Raw
  • If Calculating method = RSI on price
    Data = RSI(Raw,RSI period)

Raw = (Close-Low)/(High-Low)

Fig. 1. Internal Strength, RSI on price, Line


Fig. 2. Internal Strength, RSI on price, Bars


Fig. 3. Internal Strength, Price, Line


Fig. 4. Internal Strength, Price, Bars

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22431

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