Average Dsl RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

People have been using RSI for a long time, and there have been a lot of attempts to make it less "nervous" (RSI does tend to change direction - slope - very quickly, which makes it difficult to use in certain situations. One of the most famous versions that tried to solve this problem is Rsi(oma): RSI for moving averages. It turns out that filtering prices before using it in RSI calculations is helpful, and such an indicator also becomes very useful for trading

This version does everything the average Rsi does and adds broken signal lines to be used instead of some fixed levels as criteria for entering or exiting a trading position

Attachment download

📎 dsl_rsi_of_average.mq5 (8.67 KB)

Source: MQL5 #34879