ColorRVI_HTF - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The classic version of the RVI indicator (Relative Vitality Index) can be arranged so that the indicator's timeframe is fixed at a different value than the chart's timeframe. The indicator appears as a cloud.
Figure 1 ColorRVI_HTF indicator
Attachment download
📎 colorrvi_htf.mq5 (9.13 KB)
Source: MQL5 #1039
ColorRVI_HTF - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
ColorRVI_HTF - 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 only on titles or short-term profit descriptions.
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