Volatility Adjusted RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
By definition, RSI is a momentum series indicator
So it would be very useful if it could adjust itself to market fluctuations. Since the "regular" RSI is a bit limited in that section, here is a version using simple volatility (posted here: Simple Volatility ) with an adjusted RSI calculation period.
Use as usual: In addition to adjustment (adaptive), the RSI indicator should follow all the rules used by traders when using the RSI indicator for trading decisions
Attachment download
📎 volatility_adjusted_rsi.mq5 (14.77 KB)
Source: MQL5 #22814
Volatility Adjusted RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Volatility Adjusted 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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