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You liked the script? Try it in the MetaTrader 5 terminal
MCDx - indicator for MetaTrader 4
- Published by:
- Lee Chee Tat
- Views:
- 15525
- Rating:
- Published:
- 2022.08.06 10:45
- Updated:
- 2022.08.15 06:03
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
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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