MultiRVISignal - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
MultiRVISignal displays information on the current trend of the RV Index indicator obtained in different time frames using four values.
Each RVI indicator corresponds to one of four indicator lines. If the RVI indicator is above its signal line, the line is green, and if it is below its signal line, the line is red. Colored dots appear on the line when the bar of the relevant time frame changes.
Figure 1 MultiRVISignal indicator
Attachment download
📎 multirvisignal.mq5 (16.1 KB)
Source: MQL5 #1042
MultiRVISignal - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
MultiRVISignal - 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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