Rsi(var) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator was originally developed by Igor Durkin . To quote his description (originally posted here: https://www.mql5.com/en/forum/175870 )
The so-called normal RSI uses EMA smoothing with period = 2*Length-1 (or Wilder smoothing with period = length).
I developed the RSI indicator using my calculation algorithm.
Now you can use any length value and any type of smoothing.
Attachment download
📎rsinvar2.mq5 (16.47 KB)
Source: MQL5 #19860
Rsi(var) - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
Rsi(var) - 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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