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

\MQL5\Indicators\

ColorRSI_X20_Cloud.mq5 (24.77 KB) view

ColorRSI_X20_Cloud_HTF.mq5 (32.9 KB) view

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The ColorRSI_X20_Cloud indicator with the possibility to change the calculation timeframe using the indicator input parameters:

input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // The indicator chart period (timeframe)

For the indicator to operate, the ColorRSI_X20_Cloud.ex5 indicator should be added to the <terminal_data_directory>\MQL5\Indicators folder.

Fig.1. The ColorRSI_X20_Cloud_HTF indicator.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23320

Dynamic averaging

The EA implements averaging of positions. The average iStdDev is calculated in a sliding window.

3TF_RSI_Average

Three timeframes RSI Average

ColorMFI_X20_Cloud_HTF

The ColorMFI_X20_Cloud indicator with the possibility to change the indicator timeframe using input parameters

The indicator implements a breakthrough system using the Float_Pivot_Smoothed_Digit channel.

ColorRSI_X20_Cloud_HTF - indicator for MetaTrader 5