Exp_RVI_Histogram - MetaTrader 5 Expert - MT4/MT5 Resources

Signal-based trading system RVI_Histogram indicator. The signal is formed at the close of the bar. The Expert Advisor uses one of two methods to determine the trend based on the input values:

 Enter trend mode TMode=cross; // Trend detection method

1. When the signal intersects the main line of the indicator, the color of the signal cloud changes;
2. When the color of the histogram changes from neutral gray to pink or lime, that is when the RVI oscillator enters overbought or oversold territory.

The Expert Advisor operates using the compiled indicator file RVI_Histogram.ex5. Save it to <terminal data folder>\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit with brokers that offer the following services during position opening . You can download more variants of this library via the following link: Trading Algorithms .

The input parameters of the default Expert Advisor have been used during testing, as shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trade on chart

2015 EURUSD H4 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 rvi_histogram.mq5 (8.14 KB)

📎 exp_rvi_histogram.mq5 (7.94 KB)

Source: MQL5 #14972