i-SpectrAnalysis_RSI - MetaTrader 5 Script - MT4/MT5 Resources

This indicator exemplifies a smoothed RSI indicator of price time series by filtering higher order harmonics.

This method can be used to smooth the values ​​of any indicator. The main advantage of this method is that there is really no delay.

Indicator input parameters:

 Input unit RSIP period = 14 ; Input ENUM_APPLIED_PRICE RSI price = PRICE_CLOSE ; Input unit N= 7 ; // Series length
Input unit SS= 20 ; // Smoothing coefficient
Enter integer shift = 0 ; // horizontal movement of the indicator in bars

Where:

The dt_FFT indicator operation requires the library.

Figure 1. i-SpectrAnalysis_RSI indicator

Attachment download

📎dt_fft.mqh (28.84 KB)

📎 i-spectranalysis_rsi.mq5 (5.78 KB)

Source: MQL5 #7002