RSI Experiment Extended MT5

5
MT5 RSI Experiment: This indicator leverages the Relative Strength Index (RSI) and floating levels to pinpoint potential buy and sell signals.

The code uses enums for prices and RSI calculation methods. These enums define indicator parameters.

Input variables include RSI period, price type for RSI calculation, smoothing method, and look-back period with levels for floating levels.

Index buffers store RSI fill, RSI up line, RSI middle line, RSI down line, and trend line data.

For each bar, it calculates RSI and smoothed price. Floating levels are determined based on the look-back period. It then assesses whether RSI is above or below the middle level.

  • Sell signal: RSI above middle level and smoothed price above upper level.
  • Buy signal: RSI below middle level and smoothed price below lower level.
Avis 1
220072256
4881
220072256 2023.12.02 16:45 
 

Excellent indicator!!

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220072256 2023.12.02 16:45 
 

Excellent indicator!!

Do Thi Phuong Anh
2227
Réponse du développeur Do Thi Phuong Anh 2023.12.02 17:47
Thank you for your generous comment!
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