RSI Strike - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Matveyevsky Andrei
This indicator shows the crossover points of the RSI ( relative strength index ) belonging to various time periods. A total of eight RSI indicators are used (two indicators per crossover). The indicator signal must be compared with the readings of some other trend indicators.
The indicator was first implemented in MQL4 and published in the code base on mql4.com on July 17, 2009.
Attachment download
📎 rsi_strike.mq5 (16 KB)
Source: MQL5 #640
RSI Strike - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
RSI Strike - 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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