RSI_MA_LevelSignal - MetaTrader 5 Script - MT4/MT5 Resources
Real author:
This indicator serves as a trader's assistant to two moving averages and the RSI.
It shows the possible end of the day's trend rollback. ie. This arrow indicator gives a signal to develop a solution.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on June 22, 2009.
Figure 1 RSI_MA_LevelSignal indicator
Attachment download
📎 rsi_ma_levelsignal.mq5 (7.51 KB)
Source: MQL5 #1311
RSI_MA_LevelSignal - MetaTrader 5 script usage and filtering suggestions
RSI_MA_LevelSignal - MetaTrader 5 script is a resource related to Forex indicators. 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
