Smoothed_RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Smoothed RSI indicator. This indicator is based on moving average data.
There are seven configurable parameters:
SmRSI = 100.0-(100.0 / (1.0+average positive value/average negative value))
AvgPositive = MA(Pos, smoothed RSI period, smoothed RSI method)
AvgNegative = MA(Neg, smoothed RSI period, smoothed RSI method)
Diff = MA - closing price
MA - MA (source application price, source period, source method)
Compared to the standard RSI, this indicator has a peculiarity: when the price falls, the SmRSI rises and vice versa.
Attachment download
📎 smoothed_rsi.mq5 (14.3 KB)
Source: MQL5 #22510
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