RSI_Rendiment - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The oscillator RSI Rendiment is a logarithmic RSI.
It has six adjustable parameters:
RRSI = (RSI + Rendiment) / 2.0
Recurrence = Recurrence X * LOG(Closing/Closing Range)
Closing price = current closing price Closing range = normalized range of closing price before bar
LOG - natural logarithm
Normalization reduces Rendiment's calculated data to the RSI oscillator range:
NormRendiment = ((Rendiment - Min) / (Max - Min)) * 100.0
Max, Min - the maximum and minimum values of the Rendiment within the normalized range
Figure 1. Normalized RSI Rendement
Figure 2. Unnormalized RSI Rendement
Attachment download
📎 rsi_rendiment.mq5 (11.05 KB)
Source: MQL5 #23539
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