RSI Candles - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
One possible way to normalize prices to a known range.
This is the RSI of the high, low, open and close prices, displayed as colored candles in its sub-window. Interestingly, the price is reflected in a way that is very close to the known range of 0 to 100, which opens up many new possibilities.
Attachment download
📎 rsi_candles.mq5 (8.03 KB)
Source: MQL5 #20964
RSI Candles - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
RSI Candles - 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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