Rsi Zeus

RSI Zeus — Indicator for MetaTrader 5

RSI Zeus is an indicator based on the standard RSI that incorporates volume data as an additional factor in its calculation, with the aim of reflecting not only price movement but also the trading activity behind that movement.

What this indicator does

It calculates a modified RSI value that weights price with the volume traded on each bar. The result is a line that behaves similarly to the traditional RSI but reacts differently in situations where price movement is not accompanied by relevant volume.

The indicator visually marks on the chart the bars located in zones of high or low activity, and displays signals when the price reaches extreme levels within the indicator's scale.

Main features

Volume-weighted RSI calculation. Bar marking in extreme level zones. Visual signals on the chart under conditions defined by the user. Compatible with all instruments and timeframes available in MetaTrader 5.

Configurable parameters

Calculation period, upper and lower reference levels, signal colors and marked zone colors.

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