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RSI(OMA)
Info
The RSI(OMA) is a Indicator for MetaTrader 5 that this indicator offers a comprehensive suite of rsi variations, including:- "regular" rsi- cuttler's rsi- ehlers' smoothed rsi- harris' rsi- rapid rsi- rsx- "slow" rsilevels can be set as floating or fixed, and when price smoothing is enabled, it transforms into rsioma. This indicator supports four basic types of averages for price smoothing/filtering, which can be combined with the seven types of RSI to create seven types of RSIOMA.
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 RSI(OMA)
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
This indicator offers a comprehensive suite of RSI variations, including:- "Regular" RSI- Cuttler's RSI- Ehlers' Smoothed RSI- Harris' RSI- Rapid RSI- RSX- "Slow" RSILevels can be set as floating or fixed, and when price smoothing is enabled, it transforms into RSIOMA.
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(OMA) with Auto Fibonacci Levels - another powerful indicator for MetaTrader 5 traders.
This indicator offers a comprehensive suite of RSI variations, including:Also recommended: rsi(oma) on chart - similar indicator with strong performance on MetaTrader 5.
- "Regular" RSI
- Cuttler's RSI
- Ehlers' Smoothed RSI
- Harris' RSI
- Rapid RSI
- RSX
- "Slow" RSI
Levels can be set as floating or fixed, and when price smoothing is enabled, it transforms into RSIOMA. This indicator supports four basic types of averages for price smoothing/filtering, which can be combined with the seven types of RSI to create seven types of RSIOMA.
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.