RSI_Oscillator_Histo - MetaTrader 5 Script - MT4/MT5 Resources
The RSI Histogram Oscillator displays the smoothed difference of RSI of two different periods as a colored histogram.
It has three tunable parameters:
OscRSI = SMA (original, smoothed)
RAW = FastRSI - SlowRSI
FastRSI = RSI (fast RSI period)
SlowRSI = RSI (slow RSI period)
Attachment download
📎 rsi_oscillator_histo.mq5 (11.32 KB)
Source: MQL5 #22801
RSI_Oscillator_Histo - MetaTrader 5 script usage and filtering suggestions
RSI_Oscillator_Histo - MetaTrader 5 script is a resource related to trading scripts. 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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