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Re: Metatrader 5 Versions of indicators.

Tsar, Wed Dec 20, 2017 12:03 am

Tsar wrote:
Tue Dec 19, 2017 11:38 pm
society wrote:
Tue Nov 21, 2017 9:19 am
Anyone have a basic RSI with alerts OB/OS for MT5? tks
stochasticrsi without Alert

Standard RSI may not show market cycles or volatility changes. In case the market enters trend state, RSI often is not able to reach the appropriate level that can trigger position opening signal according to the trend direction. Implementation of Stochastic oscillator to RSI creates a dynamic indicator that better corresponds to its current volatility.

The indicator is inspired by John Ehlers' article "Using The Fisher Transform" published in November 2002 in the "Technical Analysis Of Stock & Commodities" magazine. The simplest method of working with this indicator is completely equivalent to Stochastic oscillator or RSI.

The indicator uses SmoothAlgorithms.mqh library classes (must be placed to the terminal_data_folder\MQL5\Include).

Working with the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
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