S-Shaped Normalized RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Another possible way to avoid RSI "flattening".
This is the standardized version of the S pattern of RSI. Use additional JMA smoothing to produce smooth results.
Attachment download
📎 sigmoidal_normalized_rsi.mq5 (17.91 KB)
Source: MQL5 #21620
S-shaped normalized RSI - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening recommendations
S-shaped normalized 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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