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Published:

2018.12.18 19:11

FanWRSI2.mq5 (13.84 KB) view

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Fan WRSI with Average line is an RSI fan by J. Welles Wilder in the form of an oscillator in a separate window with the average line.
Oscillator values oscillate with the +1/-1 range

There are seven configurable parameters:

First RSI period - first CCI calculation period
Applied price
RSI count - number of RSI in the fan
Incremental method - method of incrementing RSI period values:

Addition
Multiplication

Coefficient of increment - increment ratio
Smoothing period - middle line smoothing period
Smoothing method - middle line calculation method

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22591

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FanWRSI2 - indicator for MetaTrader 5