RSI with Chart SR Levels - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
This is the RSI that shows the support/resistance levels on the chart. Here's a more detailed explanation of how it's done: CCI has SR levels on the chart
You can use it as any regular RSI and you can use color changes as signals
“Big Picture” Example
Attachment download
📎 rsi_dsr3.mq5 (15.27 KB)
Source: MQL5 #24184
RSI with chart SR levels - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening recommendations
RSI with chart SR levels - 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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