RSI Trend Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Simple trend indicators like ZigZag move based on the RSI rate of change. If the RSI moves down from 65 or up from 35, a trendline is drawn. These change limits are optional parameters and can be changed by the user. Each point of the trendline is connected to the next RSI change point.
//--- input parameters Input integer InpUpperRSI = 65 ; // RSI change upper limit Input integer InpLowerRSI= 35 ; // RSI change lower limit Input integer InpRSIP period = 14 ; // RSI period
Uptrend points are price highs and downtrend points are price lows. In the main chart window, uptrend lines are blue and downtrend lines are red.
RSI Trend Indicator(65, 35)
Attachment download
📎 rsi_trend.mq5 (3.88 KB)
Source: MQL5 #18790
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