AMA's RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The use of RSI (Relative Strength Index) started for two main reasons:
This version uses Vitali Apirine’s Adaptive Moving Averages to achieve this
It can be used in the same way as any Ris(oma) indicator or any Rsi itself
Attachment download
📎 rsi_of_ama.mq5 (14.5 KB)
Source: MQL5 #23808
AMA's RSI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
AMA's RSI - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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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