Cronex Super Position - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

An overlay of the Relative Strength Index and the Demark technical indicator.

Often, switching between periods and indicator parameters takes too much time to compare behavior and reveal the true dynamics of the indicator.

The indicator is created after the terminal's workspace is completely filled with a set of standard indicators with various parameters.

Calculated stuff:

As a result, we successfully collected two features with different periods and dynamics. It is known that RSI and DeMarker behave differently when uncertainty occurs on the chart, and behave differently relative to themselves when the indicators have different periods. So I think it's very useful to see that difference.

The indicator uses the СMoving_Average class of the SmoothAlgorithms.mqh library. How to use this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .

The indicator was first implemented in MQL4 and released in the code base on January 14, 2008.

Attachment download

📎 cronex_super_position.mq5 (13.37 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #515