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Published:

2019.02.07 09:00

RSI_Rendiment.mq5 (11.05 KB) view

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Oscillating indicator RSI Rendiment is a logarithmic RSI.

It has six adjustable parameters:

Calculations:

RRSI = (RSI + Rendiment) / 2.0

where:

Rendiment = Rendiment X * LOG(Close/CloseRange)

Close = current Close price
CloseRange = Close price Normalization range bars ago

LOG - natural logarithm

Normalization reduces the calculated data of Rendiment to the RSI oscillator range:

NormRendiment = ((Rendiment - Min) / (Max - Min)) * 100.0

Max, Min - maximum and minimum values of Rendiment within the Normalization range

Fig. 1. Normalized RSI Rendiment

Fig. 2. Non-nomalized RSI Rendiment

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23539

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