Adaptable RSI Indicator
Info
The Adaptable RSI Indicator is a Indicator for MetaTrader 5 that adaptable rsi oscillatorunlike the standard rsi, the adaptable rsi allows you to select the method for calculating intermediate data, which is calculated using only the smma method in the standard rsi. It has five configurable parameters:Period- Calculation periodMethod- Intermediate data calculation methodApplied Price- Calculation priceOverbought- Overbought levelOversold- Oversold levelCalculations:Where:If diff > 0OtherwiseIf diff < 0OtherwiseIn the figures below, the Adaptable RSI is shown in comparison to the standard RSI:Fig 1.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Adaptable RSI Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Adaptable RSI OscillatorUnlike the standard RSI, the Adaptable RSI allows you to select the method for calculating intermediate data, which is calculated using only the SMMA method in the standard RSI.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Trading Session Boxes Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.
Adaptable RSI OscillatorUnlike the standard RSI, the Adaptable RSI allows you to select the method for calculating intermediate data, which is calculated using only the SMMA method in the standard RSI.
Also recommended: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - similar indicator with strong performance on MetaTrader 5.
It has five configurable parameters:
Period
- Calculation period
Method
- Intermediate data calculation method
Applied Price
- Calculation price
Overbought
- Overbought level
Oversold
- Oversold level
Calculations:
Where:
If diff > 0
Otherwise
If diff < 0
Otherwise
In the figures below, the Adaptable RSI is shown in comparison to the standard RSI:
Fig 1. Period 14, Method SMA
Fig. 2. Period 14, Method EMA
Fig. 3. Period 14, Method SSMA
Fig. 4. Period 14, Method LWMA
You may also like: Spread Monitor Indicator for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.