Rsi(oma) - MetaTrader 5 script | Trading script download - MT4/MT5 resources

This is a version of RSI that can calculate 7 types of RSI:

The indicator's levels can be of 2 types: floating (if the floating level period is set to > 1) or fixed - classic (if the floating level period is set to <= 1). Furthermore, when price smoothing is turned on (price smoothing period is set to >1), it becomes what is commonly known as rsioma. It can do price smoothing/filtering using 4 basic types of averages, and combined with the 7 types of rsi it supports, you can now also have 7 types of rsioma.

The indicator has the usual 22 price types, the usual set of alerts (synchronized with a selection of color changes for the RSI value, which can be based on slope changes, intermediate level crossovers or outer level crossovers, all in compliance with the level type settings as mentioned above) and is already a multi-timeframe version

Attachment download

📎 rsiwomag.mq5 (50.32 KB)

Source: MQL5 #16953