RSISignal - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources
Changes in version 6.0:
This is to make the RSI change around 0 (not 50), making it easier to draw a histogram.
The user enters the original overbought/oversold levels (70/30, or any other value) and the indicator will automatically change (minus 50).
Option 2 means: When RSI #1 crosses above the Smoothed RSI, the histogram will be green, indicating a possible uptrend; when it crosses downwards, the Smoothed RSI, the histogram will be red, indicating a possible downtrend.
The default color settings are suitable for the "Green and Black" theme in MetaTrader 4, if you use the "Black and White" scheme, please change the colors so that they are clearly visible against the white background.
Attachment download
📎 rsisignal.mq4 (63.52 KB)
Source: MQL5 #20398
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