MetaTrader 5 β€£ MT5 Indicators β€£ Internal_Strength – indicator MetaTrader 5

Internal_Strength – indicator MetaTrader 5

Internal Strength oscillator. The indicator specifies the point of a daily range the price is located in.

It has four inputs:

  • Calculating mode – calculation method
    • HLC – by High, Low and Close prices
    • RSI – RSI based on HLC
  • RSI period – RSI calculation period
  • Overbought – overbought level
  • Oversold – oversold level

Calculation:

  • If Calculation mode = HLC

    Internal Strength = Data
  • Если Calculation mode = RSI

    Internal Strength = RSI(Data,RSI period)

where:

Data = (CloseΒ  - Low[i]) / HL HL = High - Low

Fig. 1. Internal Strength mode HLC


Fig. 2. Internal Strength mode RSI


https://www.mql5.com/ru/code/22351

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