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, 100. for all rsi values less than 50, rounding occurs to the lower side, while for all rsi values exceeding 50 — to the greater one.
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, 100.
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: RSI Histogram Indicator for MT5 - another powerful indicator for MetaTrader 5 traders.
standard rsi oscillator implemented as a histogram rounding its values to the standard range:
Also recommended: multi-timeframe macd histogram indicator (v03) - 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 all rsi values exceeding 50 — to the greater one.
the following input is used for rounding in the indicator:
input enam_round_mode round=x5; // rounding level
fig.1. rsi_histogram_round indicator
You may also like: macd histogram indicator (multi-color) - excellent alternative for indicator users on MetaTrader 5.
Source Code
/.......
⚠ 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.