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 | FanWRSI2

Fan WRSI with Average line is an RSI fan by J. Welles Wilder in the form of an oscillator in a separate window with the average line.
Oscillator values oscillate with the +1/-1 range

There are seven configurable parameters:

  • First RSI period - first CCI calculation period
  • Applied price
  • RSI count - number of RSI in the fan
  • Incremental method - method of incrementing RSI period values:
    • Addition
    • Multiplication
  • Coefficient of increment - increment ratio
  • Smoothing period - middle line smoothing period
  • Smoothing method - middle line calculation method

MetaTrader Experts, Indicators, Scripts and Libraries


22591