Better RSI With Tester

Category: Trend Indicator
Platform: MetaTrader 5
Type: Entry Indicator
Timeframes: All
Trader Styles: Scalping, Day Trading, Swing Trading, Binary Options
Markets: All

Description

This indicator is an enhanced version of the Relative Strength Index (RSI) with additional features for visual clarity and cycle detection. It is designed to provide traders with a clearer view of momentum conditions and potential turning points.

Main features:

  • Improved RSI Visualization – The indicator displays RSI values with color-coded zones for overbought and oversold conditions.

  • Cycle Detection (Cycler) – Identifies possible market turning points using dynamic cycle-based filters.

  • Chart Signals – Buy and Sell markers are displayed directly on the chart when conditions are met.

  • Integrated Statistics Panel – A built-in panel provides information on the number of signals generated, wins, and win rate for reference.

  • Customizable Parameters – Users can configure RSI periods, overbought/oversold levels, cycle values, take-profit and stop-loss levels, as well as the start time for the statistics panel.

Key advantages:

  • Combines RSI readings with cycle detection for diversified signal conditions.

  • Visual representation with colors and chart markers for easier interpretation.

  • Provides statistical feedback on signal history directly within the platform.

  • Can be applied to any instrument and any timeframe.

This tool is intended for traders who wish to analyze momentum conditions with an alternative approach to the standard RSI.


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Mark Vaines
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Mark Vaines 2025.09.17 15:54 
 

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Mohammad Taher Halimi Tabrizi
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Resposta do desenvolvedor Mohammad Taher Halimi Tabrizi 2025.09.17 16:30
thank you very much, let me know whenever you need anything.
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