Corrected RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
RSI attempts to identify flat and trending periods.
General RSI values are also shown (to help determine trends), but the main values are "corrected" values. Usage should be simple: color changes can lead to trend changes. For "trend traders", it may be recommended to use longer time periods.
Attachment download
📎 corrected_rsi.mq5 (12.5 KB)
Source: MQL5 #22023
Modified RSI - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Corrected RSI - MetaTrader 5 script | Trading script download - MT4/MT5 resources are trading script 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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