RSIOMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

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The RSI indicator is drawn on the basis of a smoothed price series and adds signal lines to more precisely define entry points and the current trend.

For better readability, the indicator is executed in zero relative symmetry.

Indicator input parameters:

//+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Enter Smooth_Method RSIOMA_Method= mode_EMA ; // RSIOMA averaging method
Input unit RSIOMA= 14 ; // RSIOMA average depth
Input integer RSIOMA phase = 15 ; // RSIOMA average parameter
Enter Smooth_Method MARSIOMA_Method= mode_EMA ; // MARSIOMA averaging method
Input unit masioma = 21 ; // RSIOMA average depth
Input integer MARSIOMA phase = 15 ; // RSIOMA average parameter
Input unit mother period = 1 ; // Momentum period
Input Application_Price_IPC= PRICE_CLOSE ; // Price constant
Input integer high level = + 20 ; // Trigger the upper level
Input integer mid = 0 ; // mid of range
Input integer low level = - 20 ; // lower level trigger
Enter integer shift = 0 ; // horizontal movement of the indicator in bars

The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

Figure 1 RSIOMA indicator

Attachment download

📎 smoothalgorithms.mqh (134.03 KB)

📎 rsioma.mq5 (11.13 KB)

Source: MQL5 #1581