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MRS indicator mt5

MRS Indicator: Moving Relative Strength.

Indicator developed by me to use custom Moving Average and characteristics of Relative Strength in one line.

If you have any questions about the indicator, your comments are welcome.


MRS features

  • Works for all timeframes.
  • 100% non-repaint indicator.
  • Settings are changeable as a user needs.
  • Recommend to use this product on smaller timeframes: M5, M15.


Parameters

  • Period RSI - number of bars to calculate a RSI value. Recommended values 5-55
  • Price RSI:
    • Close price
    • Open price
    • High price
    • Low price
    • Median price
    • Typical price
    • Weighted close price
  • Scale period - number of bars to be used in the calculation of Period MRS.
  • Scale shift (points) - distance in points away from the line to show the deviation from the price according to the indicator settings.
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Daifallah Alamri
MRS Indicator : Moving Relative Strength. Indicator developed by me to use custom Moving Average and characteristics of Relative Strength in one line. If you have any questions about the indicator, your comments are welcome. MRS features Works for all timeframes. 100% non-repaint indicator. Settings are changeable as a user needs. Recommend to use this product on smaller timeframes: M5, M15. Parameters Period RSI - number of bars to calculate a RSI value. Recommended values 5-55 Price RSI :
Moving Pivot Average    The indicator uses very flexible algorithm for pivot value calculating. It allows you to allocate in days a certain time intervals (custom bars) and calculate the average pivot value based on High, Low and Close prices of these bars. The duration of custom bars is set by the "Day Minutes" setting - it can take values from one minute to one day (1440 minutes). How many custom bars will be taken into account is determined by the "Days" setting. The pivot line can be conside
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