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Published:

2018.12.28 13:10

Updated:

2019.01.17 11:29

Mirror_RSI.mq5 (12.83 KB) view

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Oscillating indicator Mirror RSI displays the forward and reverse difference of two RSIs and the signal line.

It has six adjustable parameters:

First RSI period - first RSI calculation period
First RSI applied price - first RSI applied price
Second RSI period - second RSI calculation period
Second RSI applied price - second RSI applied price
Signal period - signal line calculation period
Signal method - signal line calculation method

Calculations:

Ascending = RSI1 - RSI2
Descending = RSI2 - RSI1
Signal = AvgRSI

where:

RSI1 = RSI(First RSI applied price, First RSI period)
RSI2 = RSI(Second RSI applied price, Second RSI period)
AvgRSI = MA(RSI1, Signal period, Signal method)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22686

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