SRSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Slow Relative Strength Index is described in Stocks & Commodities (July 2015).
It has six input parameters:
SRSI = 50.0 * (1.0+ChgRatio)
ChgRatio =NetChgAvg / TotChgAvg
TotChgAvg = PrevTotChgAvg + SF * (Abs(change) - PrevTotChgAvg)
NetChgAvg = PrevNetChgAvg + SF * (change - PrevNetChgAvg)
Change = MA - PrevMA
SF = 1.0/cycle
MA - EMA (apply price, smoothing)
Attachment download
📎 srsi.mq5 (11.22 KB)
Source: MQL5 #22511
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