Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
RSI of AMA - indicator for MetaTrader 5
- Views:
- 4487
- Rating:
- Published:
- 2018.12.22 09:31
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Theory :
The usage of RSI (Relative Strength Index) started for, mainly, two reason :
- to filter out insignificant price changes
- to emphasize the RSI values (to eliminate, if possible, the "flattening" property of RSI when longer calculation periods are used)
This version is using the Adaptive Moving Average by Vitali Apirine for that purpose
Usage :
It can be used in a same way as any Ris(oma) indicator or as any Rsi itself
Adaptive Moving Average - generalized version with floating levels
Adaptive Moving Average - generalized version with floating levels
Adaptive Movinga Average - generalized versionAdaptive Movinga Average - generalized version
AMA smoothed RSI
Adaptive Moving Average (AMA) smoothed RSI
RSI of AMA - floating levelsRSI of AMA - floating levels