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Re: RSI Indicators for MT4

mrtools, Sat Aug 09, 2025 3:31 am

Abdi wrote: Fri Aug 08, 2025 9:01 pm Does this variation of the rsi exist in the forum? Maybe by another name?
While googling, i found it under the name 'RSS - Relative Spread Strength'. Developed by Ian Copsey.
Ninja seem to have it on there platform.
Would be nice to have a version from MrTook/Kvak with the averages, mtf and arrows/vertical lines. If there isnt a version already.
It seems to find turning points nicely with some adjusted settings. the image has default settings.

RSS Relative Sprad Strength.JPG

https://www.tradingview.com/script/gwZJ ... -Strength/
Relative Spread Strength

This MQL4 indicator is a version of the Relative Spread Strength (RSS) oscillator, inspired by a TradingView script created by Alex Orekhov. It functions as a momentum indicator that evaluates the "RSI of the spread" between a fast and a slow moving average, and then applies smoothing to it.

How does it work?
  • For each candlestick (bar):
    • Calculate the fast MA and slow MA.
    • Take the difference (spread).
    • Pass this spread to the custom RSI function (iRsi.OnCalculate()).
    • Smooth the RSI result using CSma.OnCalculate().
    • Compare the current smoothed RSI to the previous bar:
  • If higher → mark as bullish (valUa/valUb buffers for green lines).
  • If lower → mark as bearish (valDa/valDb buffers for red lines).
  • Else → neutral line (val buffer for gray line).
Please compare with the TradingView version.

PS: For the MT5 version, please see: Relative Spread Strength (RSS) for MT5.
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