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You liked the script? Try it in the MetaTrader 5 terminal
- Published by:
- Lee Chee Tat
- Views:
- 17152
- Rating:
- Published:
- 2022.08.06 10:45
- Updated:
- 2022.08.15 06:03
-
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For those who familiar with MCDx Smart Money indicator. Sorry to let you know.
No Banker. No Smart Money. No retailer. Just RSI.
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1. Take RSI value from the _period
iRSI(NULL, 0, period, PRICE_CLOSE, pos)2. RSI Value from (1) will minus with _base
(iRSI(NULL, 0, period, PRICE_CLOSE, pos)-base)3. Whatever value from (2) will multiply with _sensitivity
sensitivity * (iRSI(NULL, 0, period, PRICE_CLOSE, pos)-base)
4. Lastly trap value from (3), to be between 0 - 20. So if value (3) > 20, cap it at 20; if value (3) < 0, make it 0.
if (rsi > 20) { rsi = 20; } if (rsi < 0) { rsi = 0; }

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