Corr RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
You can turn Correction on or off (using the Correction cycle). Additionally, 4 color/trend/status changes are provided. It is similar to step rsi but should not be mixed with it. They are completely different indicators. Typically, you can turn "Correction" on and off, and you can select criteria for "Trend" or overbought/oversold based on:
It is recommended to conduct experiments with common parameters. The example above is on a larger scale:
Attachment download
📎 corr_rsi.mq5 (34.66 KB)
Source: MQL5 #17243
Corr RSI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Corr 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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