MACDonRSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Alexey Sergeyev
The MACD histogram is plotted against the RSI smoothed oscillator. The red line is the signal line of the histogram, the green line is the RSI oscillator plotted on the moving average.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on June 18, 2008..
Figure 1 MACDonRSI indicator
Attachment download
📎 macdonrsi.mq5 (9.7 KB)
Source: MQL5 #1706
MACDonRSI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
MACDonRSI - 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 on titles or short-term profit descriptions.
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