rsi with hann windowing
Info
The rsi with hann windowing is a Indicator for MetaTrader 5 that in his article in january 2022 issue of tasc, “(yet another) improved rsi,” john ehlers explains how he enhances the rsi by taking advantage of hann windowing. the rsih indicator provides a smoother calculation than the classic rsi and has a zero mean.
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 with hann windowing
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
in his article in january 2022 issue of tasc, “(yet another) improved rsi,” john ehlers explains how he enhances the rsi by taking advantage of hann windowing.
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: SMC Order Block Detector with Alert for MT5 - another powerful indicator for MetaTrader 5 traders.
in his article in january 2022 issue of tasc, “(yet another) improved rsi,” john ehlers explains how he enhances the rsi by taking advantage of hann windowing. the rsih indicator provides a smoother calculation than the classic rsi and has a zero mean. the inherent smoothing in the computation removes the need for supplemental filtering.
Also recommended: SAX Forecaster: Predictive Market Analysis with Symbolic Strings - similar indicator with strong performance on MetaTrader 5.
compared to built in rsirecommendations:
you can use it as any other rsi indicator
you can use (since rsi is a momentum family of indicators) the color change for possible momentum change estimation
you can use zero crosses as an estimation of longer term "trends"
You may also like: Mediana Trendline: MTF Parallel Channel Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//------------------------------------------------------------------
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_label1 "RsiH".......
⚠ 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.