RS i Histogram Round
Info
The RS i Histogram Round is a Indicator for MetaTrader 5 that standard rsi oscillator implemented as a histogram, rounding its values to the standard range:- 1 — no rounding- 2 — all values from 0 to 100 divided by 2- 5 — all values from 0 to 100 divided by 5- 10 — all values from 0 to 100 divided by 10- 20 — all values from 0 to 100 divided by 20- 50 — 0, 50, 100for all rsi values less than 50, rounding occurs to the lower side, while for values exceeding 50, rounding occurs to the greater side. The input for rounding in the indicator is:input enam_round_mode round=x5; // rounding levelFig.
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 RS i Histogram Round
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
Standard RSI oscillator implemented as a histogram, rounding its values to the standard range:- 1 — No rounding- 2 — All values from 0 to 100 divided by 2- 5 — All values from 0 to 100 divided by 5- 10 — All values from 0 to 100 divided by 10- 20 — All values from 0 to 100 divided by 20- 50 — 0, 50, 100For all RSI values less than 50, rounding occurs to the lower side, while for values exceeding 50, rounding occurs to the greater side.
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: Session Levels Indicator: Asian Range, PDH/PDL, VWAP, Swings, and Round Numbers - another powerful indicator for MetaTrader 5 traders.
Standard RSI oscillator implemented as a histogram, rounding its values to the standard range:Also recommended: RSI Histogram Indicator for MT5 - similar indicator with strong performance on MetaTrader 5.
- 1 — No rounding
- 2 — All values from 0 to 100 divided by 2
- 5 — All values from 0 to 100 divided by 5
- 10 — All values from 0 to 100 divided by 10
- 20 — All values from 0 to 100 divided by 20
- 50 — 0, 50, 100
For all RSI values less than 50, rounding occurs to the lower side, while for values exceeding 50, rounding occurs to the greater side.
The input for rounding in the indicator is:
input enam_round_mode round=x5; // rounding level
Fig.1. RSI_Histogram_Round Indicator
You may also like: multi-timeframe macd histogram indicator (v03) - 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.