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Indicators

MCDx - indicator for MetaTrader 4

Not me
Published by:
Lee Chee Tat
Views:
12165
Rating:
(26)
Published:
2022.08.06 10:45
Updated:
2022.08.15 06:03
Download as ZIP, How to download code from MetaEditor

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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