XRSI_Histogram_Vol – indicator MetaTrader 5

RSI_Histogram_Vol indicator with additional averaging of the resulting histogram. A similar averaging is applied to dynamic overbought/oversold levels as well.

//+-----------------------------------------+
//|  INDICATOR INPUT PARAMETERS             |
//+-----------------------------------------+
input uint                RSIPeriod=14;             // indicator period
input ENUM_APPLIED_PRICE  RSIPrice=PRICE_CLOSE;     // price
input ENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK;   // volume 
input int                 HighLevel2=+20;           // overbought level 2
input int                 HighLevel1=+15;           // overbought level 1
input int                 LowLevel1=-15;            // oversold level 1
input int                 LowLevel2=-20;            // oversold level 2
input Smooth_Method       MA_SMethod=MODE_SMA_;     // Averaging method
input uint                MA_Length=12;             // Smoothing depth                    
input int                 MA_Phase=15;              // parameter of the first smoothing,
//---- for JJMA within the range of -100 ... +100, it influences the quality of the transition process;
//---- for VIDIA it is a CMO period, for AMA it is a slow average period
input int                 Shift=0;                  // Horizontal indicator shift in bars

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>MQL5Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.