RSI TrendMT5 is a trend indicator based, as one can guess, on RSI.
As we know, oscillators have oversold and overbought areas. Indicators' lines do not stay for a long time in these areas in case of flat. But they spend quite a perceptible time there when the price follows the trend. The RSI indicator peculiarity is that it reaches oversold and overbought areas less often than Stochastic or CCI. It generates less signals (which are frequently false) about possible change in direction. This peculiarity of the RSI indicator was used when we were developing the RSI TrendMT5 indicator.
rsi_period - RSI period.
Green histogram - up trend. Recommended to open buy trades.
Red histogram - down trend. Recommended to open sell trades.
show_alert: true - display message when histogram color changes; false - do not display this message;
playsound: true - enable sound signal; false - disable sound signal;
push_send: true - send push notifications when histogram color changes; false - do not send push notifications;
language: RU - messages in Russian ; EN - messages in English;