Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Indicator | AMA smoothed RSI

Theory :

Some might think that using smoothing prior to rsi calculation is the same as smoothing the rsi value. As a vivid example, you can compare this version (when the RSI is smoothed after the calculation) to the version that uses (smoothed prices (originally published here : RSI of AMA ). As you can see they are quite different in a lot of ways. And it also shows why a "generalized" AMA was needed (now it can calculate smoothed value of any other value, not just of price)

Usage :

It can be used in a same way as any Ris(oma) indicator or as any Rsi itself

MetaTrader Experts, Indicators, Scripts and Libraries

23809