Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 9596
Rating:: (41)
Published:: 2021.12.15 11:12

Rsi with Hann.mq5 (8.89 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

In his article in January 2022 issue of TASC, “(Yet Another) Improved RSI,” John Ehlers explains how he enhances the RSI by taking advantage of Hann windowing. The RSIH indicator provides a smoother calculation than the classic RSI and has a zero mean. The inherent smoothing in the computation removes the need for supplemental filtering.

Compared to built in Rsi

Recommendations:

You can use it as any other Rsi indicator
You can use (since rsi is a momentum family of indicators) the color change for possible momentum change estimation
You can use zero crosses as an estimation of longer term "trends"

ZigZag Color for Line Chart

ZigZag Color Indicator for Line Charts which works on Close prices rather than High low This indicator has only one input parameter which is ExtDepth and its optimized for performance

Momentum deviation bands

Hotkeys_TimeFrames_v1.0

hotkeys 1-9 numbers on keyboard but not on number-pad to change timeframes 1=m1 2=m5 3=m15 4=m30 5=h1 6=h4 7=d1 8=w1 9=mn

Hotkeys_CycleMarketWatchSymbols_v1.0

cycles though market watch symbols, using hotkeys Comma and Period for prev/next symbol in market watch list

Rsi with Hann windowing - indicator for MetaTrader 5