RSI on Charts - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
In many cases it would help if we could see some oscillator directly on the chart instead of seeing it in a separate window. There are several ways to do this. One is to use the highest high/lowest low channel. This version is doing just that and showing the RSI (relative strength index) directly on the chart
Just like using any other RSI. Added some additional options (e.g. 3 coloring modes) to aid indicator usage
Attachment download
📎 rsi_gon_chart2.mq5 (12.19 KB)
Source: MQL5 #23919
RSI on the chart - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
RSI on Chart - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. 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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