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Dynamic_Zone_RSI.mq5 (18.8 KB) view

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Oscillating indicator Dynamic Zone RSI is Relative Strength Index with dynamic overbought/oversold zones based on Bollinger Bands.

It has six adjustable parameters:

RSI period - RSI calculation period
Bands period - Bollinger Bands calculation period
Deviation - Bollinger Bands deviation
Show intersection arrows - show the labels of RSI crossing the lines of zones
Allow midline intersections - allow controlling the intersections with the midline
Use alerts - use alers as soon as RSI intersects the lines of zones

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23531

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Dynamic_Zone_RSI - indicator for MetaTrader 5