MyRsi - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This is the Metatrader 4 version of the Metatrader 5 version that has been published here: Milesey
John Ehlers introduced a variant of rsi calculation (as part of another indicator), which he decided to name MyRSi. Since it produces different results than the built-in RSI, it seems a logical step that we should have this indicator as well. The name is retained, but again: this name was used by John Ehlers (not me)
There are some significant differences compared to the built-in RSI:
Attachment download
📎 myrsi.mq4 (4.85 KB)
Source: MQL5 #37020
MyRsi - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
MyRsi - MetaTrader 4 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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