smoothed rs i and rs i of ma
Info
The smoothed rs i and rs i of ma is a Indicator for MetaTrader 5 that smoothed rsi indicator and rsi of moving average. there are two ways to smooth rsi:whether someone calculate an rsi (first line) and then smooth it and get a smoothed_rsi: (second line) whether someone get an ma and then take the rsi of this ma, this will be an rsi_of_ma (first line), then it is possible to smooth this rsi_of_ma (second line).
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 smoothed rs i and rs i of ma
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
smoothed rsi indicator and rsi of moving average.
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: AIS Smoothed Linear Trend Indicator - another powerful indicator for MetaTrader 5 traders.
smoothed rsi indicator and rsi of moving average.
there are two ways to smooth rsi:
Also recommended: heiken ashi smoothed indicator - similar indicator with strong performance on MetaTrader 5.
whether someone calculate an rsi (first line) and then smooth it and get a smoothed_rsi: (second line)
whether someone get an ma and then take the rsi of this ma, this will be an rsi_of_ma (first line), then it is possible to smooth this rsi_of_ma (second line).
for the people to see the diference between the two ways, selecting "show_both = true", one will see the two ways on the same chart;
the green line is the rsi_of_ma.
You may also like: smoothed accelerator indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_separate_window
#property indicator_buffers 6
#property indicator_minimum 0
#property indicator_maximum 100
#property indicator_color1 white //rsi color
#property indicator_color2 hotpink.......
⚠ 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.