Rsi(oma) and Automatic Fibonacci Levels - MetaTrader 5 Script - MT4/MT5 Resources
RSI (OMA) shows RSI automatic Fibonacci levels.
If the price smoothing period is set to > 1, the indicator will calculate one of the selected RSI (OMA) values. If price smoothing is set to <= 1, the calculated value is RSI. RSI can be one of 7 types:
For any RSI value calculated, the indicator automatically displays Fibonacci levels so that these levels can be used to estimate the RSI value.
Attachment download
📎 rsi_with_fibonacci_auto_channel_2.mq5 (37.83 KB)
Source: MQL5 #17222
Rsi(oma) and automatic Fibonacci levels - MetaTrader 5 script usage and screening recommendations
Rsi(oma) and Automatic Fibonacci Levels - 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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