RSI for Parabolic SAR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
We have various RSIs: regular RSI, average RSI,...so far we don't have RSI for SAR (Parabolic SAR). Here is this version: instead of using price, it uses the Parabolic SAR. The result was interesting and not lacking in logic, so I decided to post it here
PS: The RSI used in this calculation is the RSI using a double smoothed Wilder EMA rather than a "simple" Wilder EMA. This way the result will be smoother (faster)
You can use it as any regular RSI
Attachment download
📎 rsi_1sara.mq5 (11.3 KB)
Source: MQL5 #24825
RSI of Parabolic SAR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
RSI of Parabolic SAR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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