Cutlers RSI Adaptive EMA with floating levels - MetaTrader 5 script
This indicator is an expanded version of the Cutlers RSI Adaptive EMA indicator (originally published here: Cutlers RSI Adaptive EMA )
Add extension:
In order to avoid some false signals (because the slope-adaptive EMA of Cuttlers' RSI may change too many times in ranging markets) this version is adding floating levels as criteria for trend changes. You have an option to choose between two color changing modes:
Use color changes as signals. It is recommended to do some experimentation with the levels before using them in live trading
Attachment download
📎 cuttlers_rsi_adaptive_ema_-_fl.mq5 (11.86 KB)
Source: MQL5 #22388
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