rs i rendiment
Info
The rs i rendiment is a Indicator for MetaTrader 5 that oscillating indicator rsi rendiment is a logarithmic rsi. it has six adjustable parameters:rsi period - rsi calculation periodnormalized- use normalizing (yes/no)normalization range- range of normalizationrendiment x- logarithm multiplieroverbought - overbought leveloversold - oversold levelcalculations:rrsi = (rsi + rendiment) / 2.
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 rendiment
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 rsi rendiment is a logarithmic 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: xr s x candle keltner pluse - another powerful indicator for MetaTrader 5 traders.
oscillating indicator rsi rendiment is a logarithmic rsi.
it has six adjustable parameters:
Also recommended: tm a c d - similar indicator with strong performance on MetaTrader 5.
rsi period
- rsi calculation period
normalized
- use normalizing (yes/no)
normalization range
- range of normalization
rendiment x
- logarithm multiplier
overbought
- overbought level
oversold
- oversold level
calculations:
rrsi = (rsi + rendiment) / 2.0
where:
rendiment = rendiment x * log(close/closerange) close = current close pricecloserange = close price
normalization range
bars ago
log - natural logarithm
normalization reduces the calculated data of rendiment to the rsi oscillator range:
normrendiment = ((rendiment - min) / (max - min)) * 100.0
max, min - maximum and minimum values of rendiment within the normalization range
fig. 1. normalized rsi rendiment
fig. 2. non-nomalized rsi rendiment
You may also like: Ichimoku Cloud Indicator - 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.