Adaptable_RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Unlike the standard RSI, the Oscillator Adaptive RSI allows you to choose a method for calculating intermediate data that is calculated in the standard RSI only by the SMMA method.
It has five configurable parameters:
ARSI = 100.0-100.0/(1.0 + MA_gain/MA_loss)
MAGain = MA(gain, period, method) MALoss = MA(loss, period, method)
gain = difference
gain=0
- if difference < 0
loss=-diff
- otherwise
Loss=0
diff = price - previous price price = MA(apply price, 1)
The graph below shows Adaptive RSI compared to Standard RSI:
Figure 1. Period 14, Method SMA
Figure 2. Period 14, EMA method
Figure 3. Period 14, method SSMA
Figure 4. Period 14, LWMA method
Attachment download
📎 adaptable_rsi.mq5 (13.22 KB)
Source: MQL5 #21314
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