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Published:

2018.12.22 09:31

RSI of AMA.mq5 (14.5 KB) view

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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

AMA smoothed RSI

Adaptive Moving Average (AMA) smoothed RSI

RSI of AMA - floating levels

RSI of AMA - indicator for MetaTrader 5