Indicators: Reverse Engineered RSI (MT4)

[Automated-Trading]

Reverse Engineered RSI (MT4):

Reverse Engineered RSI projects traditional RSI levels — 30, 50, and 70 — directly onto the price chart instead of the oscillator window. This lets traders see where RSI overbought, oversold, and equilibrium zones align with actual market prices, making it easier to spot precise support, resistance, and potential reversal levels without switching views or relying on hidden momentum data.

Author: Mario Jemic

[William Roeder]

See also:

How to predict RSI Level??? - MQL4 programming forum - Page 2 #11 #12 (2020)

Anyway to calculate indicator reversely to the price? - MQL5 programming forum #1 (2019)

[nigpig3]

Good work Mario. Just a problem with updating to include new bar. The lines don't extend with new bars.

[sidecona]

Excelent work! To get nicer inputs for price, you can: input ENUM_APPLIED_PRICE Price = PRICE_CLOSE;

[Sopheak Khlot]

Great job! I looks like MA already.