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Indicatori

RSI2 Mean Reversion arrows with trend filter - indicatore per MetaTrader 5

Valerio Sgro'
Valerio Sgro'

Valerio Sgro'

17 codici 1 commento
Visualizzazioni:
7
Pubblicato:
Scarica come ZIP Come scaricare il codice da MetaEditor
Freelance MQL5 Hai bisogno di un robot o indicatore basato su questo codice? Ordinalo su Freelance Vai a Freelance

RSI2Reversion draws a buy arrow when the RSI with a very short period (default 2) falls below the oversold level while price is above a long simple moving average (default 200), and a sell arrow when the RSI rises above the overbought level while price is below the average. The idea is to look for short pullbacks inside the main trend.


What it draws:

- The long moving average used as trend filter

- A green arrow for an oversold pullback in an uptrend

- A red arrow for an overbought bounce in a downtrend


Inputs: RSI period, oversold and overbought levels, trend average period, popup alert, bars to calculate.


Notes:

- Arrows are drawn only on closed candles, so they do not repaint

- Works on any symbol and timeframe. Short-term reversion is usually discussed for stock indices

- It is an information tool, not a trading system: test it on history and on a demo account before relying on it, it does not promise any profit


How to use: copy RSI2Reversion.mq5 into MQL5\Indicators (File - Open Data Folder), compile it in MetaEditor and drag it onto a chart. H1 or D1 on an index is a good starting point.

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