RSIOMA MT5 – indicator MetaTrader 5

RSIOMA MetaTrader indicator — this indicator takes two moving averagescalculates their RSI (Relative Strength Index) and then also adds a moving average of the calculated RSI. These two lines now can accurately signal the trend changes. They are shown in the separate window where they change from 0 to 100. The auxiliary histogram is shown for a quick-glance view of the current trend. The indicator is available for both MT4 and MT5 versions of the MetaTrader platform.

Input parameters

• RSIOMA Period (default = 14) — the period of the RSI and the moving averages that are used to calculate the RSI. Increase it for smoothness, decrease it for signal frequency.
• RSIOMA Mode (default = MODE_EMA) — the mode of the moving averages used for RSI.
• RSIOMA Price (default = PRICE_CLOSE) — the price levels used to calculate moving averages that are used in the RSI.
• MA of RSIOMA Period (default = 21) — the period of the moving average of the RSI.
• MA of RSIOMA Mode (default = MODE_EMA) — the mode of the moving average of the RSI.
• Buytrigger (default = 20) — a trigger level for the oversold situation.
• Seal trigger (default = 80) — a trigger level for the overbought situation.
• BuyTriggerColor (default = clrMagenta) — an oversold line color.
• SellTriggerColor (default = clrDodgerBlue) — an overbought line color.
• MainTrendLong (default = 50) — if RSIOMA is above this level, then the trend is considered to be bullish.
• MainTrendShort (default = 50) — if RSIOMA is below this level, then the trend is considered to be bearish.
• MainTrendLongColor (default = clrRed) — a bullish trend separator color.
• MainTrendShortColor (default = clrGreen) — a bearish trend separator color.
• MainAlerts (default = false) — if truean alert will be issued when RSIOMA crosses the overbought level from above or the oversold level from below.
• AuxiliaryAlerts (default = false) — if truean alert will be issued when the histogram signals an imminent trend reversal.
• EnableNativeAlerts (default = false) — if truea native MetaTrader popup alert will be used for any of the above two conditions.
• EnableEmailAlerts (default = false) — if truean email message will be sent on an alert condition. Email should be properly configured in MetaTrader via Tools->Options->Email.
• EnablePushAlerts (default = false) — if truean email message will be sent on an alert condition. Notifications should be properly configured in MetaTrader via Tools->Options->Notifications.
• TriggerCandle (default = Previous) — the candle to issue alerts on: Previous — the most recently closed candle or Current — the yet unfinished candle.