Cutlers RSI Adaptive EMA Ribbon - MetaTrader 5 Script - MT4/MT5 Resources
The crossover of two averages is often used as a signal. But adaptive averaging is used less frequently. This version uses Adaptive EMA for this and uses a cross of the RSI Adaptive EMA of the two Cutlers (originally posted here: Cutlers RSI Adaptive EMA ) for the signal
As usual: you can use the color change (since it represents two average crossovers) as a signal. But due to the adaptive nature of the EMA and the sometimes very "nervous" behavior of the Cutlers RSI (which can significantly change the RSI value very quickly), some experimentation with the parameters is highly recommended
Attachment download
📎 cuttlers_rsi_adaptive_ema_ribbon.mq5 (9.87 KB)
Source: MQL5 #22387
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