RSI HTF – indicator MetaTrader 5

Standard RSI that can be applied for a chart having a different timeframe.

Ascending indicator values exceeding 50 are colored in light green, while descending ones – in dark green. Descending values below this value are shown in red, while ascending ones – in brown.

Indicator input parameters:

//+----------------------------------------------+
//|  Indicator input parameters                  |
//+----------------------------------------------+
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;         // Chart period
input int RSI_Period = 12;                         // RSI period
input ENUM_APPLIED_PRICE AppliedPrice=PRICE_CLOSE; // Price constant
input bool ReDraw=true;                            // Repeat display of information in the empty bars

ColorRSI_HTF

ColorRSI_HTF 


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