Internal_Strength - MetaTrader 5 Script - MQL5 #22351

Internal strength oscillator. This indicator specifies the points of the daily range where the price lies.

It has four inputs:

 Internal strength = data

• Если calculation mode = RSI
  
  

   Internal Strength = RSI(data,RSI Period)

Where:

 Data = (closing price - lowest price [i]) / HL
HL = High - Low

Figure 1. Internal intensity mode HLC

Figure 2. Internal Strength Pattern RSI
 Attachment download
 📎 internal_strength.mq5 (14.41 KB)
 Source: MQL5 #22351
Internal_Strength - MetaTrader 5 Script - MQL5 #22351 Usage and Filtering Advice
 Internal_Strength - MetaTrader 5 Script - MQL5 #22351 is a resource related to foreign exchange 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.