Composite RSI - indicator for MetaTrader 5

Composite RSI – indicator MetaTrader 5

by

The name of the composite RSI might mislead a bit.

Composite RSI is not “compositing” RSIs but is a rather new way of calculating the RSI.  Unlike the RSI that is a sort of a momentum indicators, composite RSI is more a trending indicator. It tends  to filter out insignificant price changes and seems to be good in identifying the underlying trends

This version has, as an aid in filtering “trends” an addition of floating levels (which are intended to make the significant levels that are usually used for trend finding dynamic instead of being static) and allows multiple modes of price pre-filtering mode. Also, it includes alerts and is already a multi time frame indicator (it does not require any other file – this is a single file multi time frame indicator) and is one in the series of indicators for metatrader 5 that will be made as single file, full fledged indicators with all the usual options that we are already used to when it comes to serious metatrader 4 code too.

Alternative:   T3_adx_+di_-di_burst - indicator MetaTrader 4



Composite RSI – indicator MetaTrader 5
📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

Similar MetaTrader Trading Tools:

  • MetaCOT 2 CFTC ToolBox (Set of Indicators) MT4 - indicator for MetaTrader 4
    MetaCOT 2 CFTC ToolBox (Set of Indicators) MT4 -…     Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
  • MQL Plus Enhanced Debugging Support - library for MetaTrader 5
    MQL Plus Enhanced Debugging Support - library MetaTrader 5     Features Features three domains of functionality. - Debugging, Tracing and Performance measurments - Simple to use "Print any variable" to…
  • Composite - structural design pattern - library for MetaTrader 5
    Composite - structural design pattern - library MetaTrader 5     //+------------------------------------------------------------------+ //|                                                    Composite.mqh | //|                                    2019-2020, dimitri pecheritsa | //|                                                 792112@gmail.com | //+------------------------------------------------------------------+ //| src > patterns > structural > composite                          | //+------------------------------------------------------------------+…
  • Ilan 1.6 Dynamic HT - expert for MetaTrader 5
    Ilan 1.6 Dynamic HT - EA MetaTrader 5     Real author: Unknown. The underlying algorithm of Ilan Dynamic 1.6 HT is simple. It is based on price averaging, with…
  • Figure 1. Trade signals, based on reversal candlestick patterns
    MQL5 Wizard - Trade Signals Based on Reversal…     MQL5 Wizard provides the automatic creation of Expert Advisors (see MQL5 Wizard: Creating Expert Advisors without Programming). The CSignalCandles class…
  • Function library and Experts for trailing / Yury Dzyuban - library for MetaTrader 4
    Function library and Experts for trailing / Yury…     The algorithm for maintaining and closing a position is known to be almost more important that the rules for opening…
  • Local Timezones and Local Session Hours - library for MetaTrader 5
    Local Timezones and Local Session Hours - library…     Hello, traders. This library has all the functions to get the current local time in a specific or all Forex…
  • Programming patterns - Composite - library for MetaTrader 5
    Programming patterns - Composite - library MetaTrader 5     /**************************************************************** Programming patterns: Composite pattern Compose objects into tree structures to represent part-whole hierarchies. Composite lets clients treat individual objects…