Exp_RSI_Histogram - expert for MetaTrader 5 - MT4/MT5 resources

Signal-based trading system RSI_Histogram indicator. A trade signal is generated at the close of a bar if the color of the histogram has changed from a neutral gray to red or lime, ie when the RSI oscillator has entered the overbought or oversold zone.

The Expert Advisor uses the compiled indicator file RSI_Histogram.ex5 for operation. 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 GBPJPY H4 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 rsi_histogram.mq5 (6.87 KB)

📎 exp_rsi_histogram.mq5 (6.61 KB)

Source: MQL5 #14951