RSI of AMA – floating levels – indicator MetaTrader 5
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Theory :
The usage of RSI (Relative Strength Index) started for, mainly, two reason :
to filter out insignificant price changes
to emphasize the RSI values (to eliminate, if possible, the “flattening” property of RSI when longer calculation periods are used)
This version is using the Adaptive Moving Average by Vitali Apirine for that purpose. But, in order to make it more usable (since the color change of the slope change or some fixed level cross tend to be “not-so-usable” signals) this version adds floating levels to the indicator.
