Rocket RSI Pivot - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
“Rocket RSI” (along with detailed description) is published here: Rocket Relative Strength Index
This version adds a pivot to calculate the relative strength index. Pivot points are calculated based on the RSI itself, and there are 4 possible types that can be displayed:
The selected time range is used only for the pivot (i.e. the time range is used as a "separator" for the pivot). RSI is always calculated based on the current time frame
You can use it because it is recommended by RocketRSI
Attachment download
📎rocket_rsi_zpivots7.mq5 (26.16 KB)
Source: MQL5 #24663
Rocket RSI Pivot - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Rocket RSI Pivot - 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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