Stochastic RSI (OMA) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Stochastic RSI (OMA).
The indicator allows calculation of RSI Stochastic and Average RSI Stochastic (this version has basically 4 averages).
Its RSI types are:
If you use price smoothing then they become RSI (OMA), if you don't the "regular" RSI is calculated. The level can be
Alerts are based on color change settings, which in turn can be:
It uses the usual 22 price sets and is already a multi-timeframe version.
Attachment download
📎stochastic_rsidomaw.mq5 (58.7 KB)
Source: MQL5 #17167
Stochastic RSI (OMA) - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Stochastic RSI (OMA) - 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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