Metatrader 5 Indicators | FX5_SelfAdjustingRSI | MetaTrader Tool

New free code from MQL5: indicators, EAs, and scripts for traders.

Real author:

FX5

The RSI oscillator with the boundaries of the overbought/oversold areas expressed by Bollinger Bands.

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Indicator input parameters:

//+-----------------------------------+
//|  INDICATOR INPUT PARAMETERS       |
//+-----------------------------------+
input uint Length=12; // RSI period  
input ENUM_APPLIED_PRICE   RSIPrice=PRICE_CLOSE; // RSI timeseries price                
input double BandsDeviation=2.0; // deviation
input bool MA_Method=true; // used smoothing for Bollinger Bands
input int Shift=0; // Horizontal shift of the indicator in bars

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 29.04.2008.

Figure 1. The FX5_SelfAdjustingRSI indicator

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