Cutler_RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
The RSI version is called the Cutler RSI and is based on a simple moving average rather than an exponential moving average.
It has five input parameters:
P = MA(position, period, method) N = MA(negative number, period, method) pos, neg - positive and negative difference between MA current value and previous value
Figure 1 SMA calculation method
Figure 2 EMA calculation method
Figure 2 SMMA calculation method
Figure 4. LWMA calculation method
Attachment download
📎 cutler_rsi.mq5 (13.05 KB)
Source: MQL5 #21024
Cutler_RSI - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Cutler_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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