mirror rs i
Info
The mirror rs i is a Indicator for MetaTrader 5 that oscillating indicator mirror rsi displays the forward and reverse difference of two rsis and the signal line. it has six adjustable parameters:first rsi period- first rsi calculation periodfirst rsi applied price- first rsi applied pricesecond rsi period- second rsi calculation periodsecond rsi applied price- second rsi applied pricesignal period- signal line calculation periodsignal method- signal line calculation methodcalculations:ascending = rsi1 - rsi2descending = rsi2 - rsi1signal = avgrsiwhere:rsi1 = rsi(first rsi applied price, first rsi period)rsi2 = rsi(second rsi applied price, second rsi period)avgrsi = ma(rsi1, signal period, signal method).
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 mirror rs i
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
oscillating indicator mirror rsi displays the forward and reverse difference of two rsis and the signal line.
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: iMirror Indicator - another powerful indicator for MetaTrader 5 traders.
oscillating indicator mirror rsi displays the forward and reverse difference of two rsis and the signal line.
it has six adjustable parameters:
Also recommended: mirror bands - similar indicator with strong performance on MetaTrader 5.
first rsi period
- first rsi calculation period
first rsi applied price
- first rsi applied price
second rsi period
- second rsi calculation period
second rsi applied price
- second rsi applied price
signal period
- signal line calculation period
signal method
- signal line calculation method
calculations:
ascending = rsi1 - rsi2descending = rsi2 - rsi1signal = avgrsi
where:
rsi1 = rsi(first rsi applied price, first rsi period)rsi2 = rsi(second rsi applied price, second rsi period)avgrsi = ma(rsi1, signal period, signal method)
You may also like: mirror ma - 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.