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RSI converter percent to price MT5

The indicator calculates the price of the trading instrument based on the RSI percentage level. The calculation is performed by Close prices, so that we can quickly find out the price, at which RSI shows the specified percentage level. This allows you to preliminarily place stop levels (Stop Loss and Take Profit) and pending orders according to significant RSI points with greater accuracy.

The indicator clearly shows that RSI levels constantly change, and the difference between them is not fixed. This means the standard RSI oscillator cannot help you define the number of points the price is to pass before reaching the next RSI level. For more visibility, I recommend building the levels of 30 and 70 that are the most popular for defining potential local trend reversal points.

The indicator eliminates the significant disadvantage of the RSI oscillator, namely the inability to analyze level crossings and returns to the channel (roll-backs) on history. The indicator allows you to visually assess roll-backs from levels.


Advantages:

  1. Accurate calculation of the specified RSI percentage level price;
  2. Ability to visually receive information from any timeframe;
  3. Ability to use in the algorithmic trading;
  4. In most cases, the use of this indicator will speed up the optimization process by abandoning the "Every tick" bar plotting mode;
  5. Buffer 0 provides info on the current price level according to the RSI standard oscillator. This allows applying one indicator for the market analysis in the algorithmic trading.


Parameters

  1. RSI - indicator period. Recommended values 2-100. However, greater values are possible as well - the limitation has to do with the number of bars on the chart;
  2. Percent Levl - RSI percentage value to be converted into price (1-99);
  3. TF - RSI calculation timeframe. It cannot be lower than the timeframe of the chart the indicator is running on.
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5 (2)
The "Gap on chart" indicator displays the price gaps on the chart. The gap levels are extended in time until the price fills the price gap. Sensitivity of the indicator can customized to set the gap size in points to show and the history depth to analyze. For automatic trading, it uses the numbering or price gaps according to LIFO, i.e. the last formed gap is number 1. Parameters InpBars - the number of bars to look for a price gap in history InpMinGap - sensitivity to the price gaps in points
Bingo MT5
Aleksey Vyazmikin
Let's play! I propose to purchase a Bingo trading robot for the MT5 platform. The adviser has a proven pattern of "Trends are ending" - then the Truth. The Expert uses the Truth in order to extract income, but for this he needs: A. To detect the probable end of the trend; B. Make a profitable purchase. To solve problem A, many tested and pre-selected reliable methods are used, their collection is so large that it is impractical to use conventional optimization. I suggest using randomness to sel
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