MTF RSI Smoothed (recursive) – indicator MetaTrader 5
Recursive implementation of multi-timeframe smoothed RSI indicator. The values of the standard Relative Strength Index indicator are smoothed using Simple Moving Average (SMA). To disable smoothing set the value of Smoothed <= 1. The indicator uses the recursive call of itself for lower timeframes. This eliminates the need to create two indicators: the conventional and … Read more