Rsi(oma) on the chart - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
In many cases it would be helpful if we could see some of the oscillators displayed directly on the chart rather than viewing them in a separate window. There are a few ways to do this. One is to use the highest highs/lowest lows channel. This version is doing that and showing the RSI (Relative Strength Index) directly on the char using the average instead of the raw price (known as rsioma). The averages that can be used are the usual ones:
Just like using any other Rsi(oma). Added some additional options (e.g. 3 coloring modes) to aid indicator usage
P.S. Rsi(oma) usually deserves a "big picture" example as well. This is the example
Attachment download
📎rsizomao_lon_chart6.mq5 (12.82 KB)
Source: MQL5 #23920
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