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Indicators

RSI of parabolic SAR - indicator for MetaTrader 5

Mladen Rakic

Views:
1756
Rating:
votes: 10
Published:
2019.02.27 17:29
RSI (sar).mq5 (11.3 KB)view

Theory :

We have all sorts of RSI : regular rsi, rsi of averages, .... so far we did not have an RSI of SAR (Parabolic SAR). Here is this version : instead of using prices, it is using parabolic SAR. Results are interesting and are not lacking logic, hence decided to post it here

PS: the RSI used in this calculation is the one using double smoothed Wilder's EMA instead of "simple" Wilder's EMA. Results are a bit smoother (and faster) this way

Usage :

You can use it as any regular RSI


RSI + CCI RSI + CCI

RSI with CCI for confitrmation

Corrected AMA Corrected AMA

Corrected AMA

Average trend Average trend

Average trend

Average trend - multi time frame Average trend - multi time frame

Short description.