Synthetic RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The idea of this indicator is simple:
Additionally, prices are pre-filtered before being used in RSI calculations. If you want to omit this part, just set all EMA periods to less than or equal to 1.
Attachment download
📎 synthetic_rsi.mq5 (12.21 KB)
Source: MQL5 #20468
Synthetic RSI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Synthetic RSI - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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