RTL – indicator MetaTrader 5
The Recursive Trendline (RTL) indicator shows the trend as a recursive line. It has two parameters: Period – calculation period; Applied price – price used for calculations. Calculation formula: RTL[i] = (1 – Alpha)*RTL[i-1] + Alpha*(Price[i] + b0[i] – b0[i-1]), TOSC[i] = (RTL[i] – EMA(Period, Price)) where Alpha = 2/(Period + 1) b0[i] = (1 … Read more