MACD-RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Relative Strength Index (RSI) indicator applied to the Moving Average Convergence Divergence (MACD) clearly shows the current price divergence.
Short-term reversals (1, 5, 15 minutes) are also clearly visible. The crossover of the MACD signal line with the RSI is an additional signal to enter the market, in which case the RSI line changes color.
The indicator uses the СMoving_Average class of the SmoothAlgorithms.mqh library. The use of this class is described 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 September 8, 2009.
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Attachment download
📎 macd_rsi.mq5 (10.73 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #423
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