Rsi(var) Zerolag MA - MetaTrader 5 Script - MT4/MT5 Resources
As in the Rsi (Reactive) indicator, other moving averages can be used to calculate the RSI indicator. This version is another step in that direction.
Adding the zero-lag MA as the preferred smoothing method in the RSI calculation has two consequences:
Attachment download
📎rsikvar8_zerolag_ma.mq5 (9.52 KB)
Source: MQL5 #20419
Rsi(var) Zerolag MA - MetaTrader 5 script usage and screening recommendations
Rsi(var) Zerolag MA - MetaTrader 5 script is a resource related to Forex indicators. 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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