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TSO Stochastic RSI MT5

Stochastic RSI makes a stochastic calculation on the RSI indicator. The Relative Strength Index (RSI) is a well known momentum oscillator that measures the speed and change of price movements, developed by J. Welles Wilder.


Features

  • Find overbought and oversold situations.
  • Sound alert when overbought/oversold level is reached.
  • Get email and/or push notification alerts when a signal is detected.
  • The indicator is non-repainting.
  • Returns buffer values for %K and %D to be used as part of an EA. (see below)


Basic Strategy

  • Look for shorts when the price rises above the upper boundary.
  • Look for longs when the price falls below the lower boundary.


Inputs

  • RSI Period: Typically set to 14
  • %K period: Typically set to 8
  • %K Smoothing Period: Set to 1 for the default %K calculation. Set a higher value to have %K smoothed using an X-period Simple Moving Average (SMA). This also affects %D since it is the SMA of %K.
  • %D period: Typically set to 5


For EA Developers

The indicator can be easily used as part of an EA.

  • Buffer for %D value = 0
  • Buffer for %K value = 1
Gennadiy Voltornist
12100
2018.02.04 11:28 
 

User didn't leave any comment to the rating

Daniel Andrejczuk
5399
2017.11.09 03:04 
 

User didn't leave any comment to the rating

Version 1.12 - 2017.12.04
- Added support for smoothed (slow) %K and %D.
Version 1.1 - 2017.10.23
- Optimized for increased efficiency and speed
- Added support for signal notifications through email and push notifications on mobile devices.