stochastic rs i
Info
The stochastic rs i is a Indicator for MetaTrader 5 that indicator stochastic rsi is a stochastic calculated on the data of relative strength index (rsi)it has six adjustable parameters:stochastic %k period- stochastic %k line calculation periodstochastic %d period- stochastic %d line calculation periodstochastic slowing- stochastic slowing calculation periodrsi period- rsi calculation periodoverbought - overbought leveloversold - oversold levelcalculations:sk = avgskisd = avgskwhere:avgski = sma(ski,stochastic slowing)avgsk = sma(sk, stochastic %d period)ski = (rsi - min) / (max-min) * 100. 0max, min - the highest and the lowest values of rsi within the range of stochastic %k periodrsi - relative strength index(close, rsi period).
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 stochastic rs i
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
indicator stochastic rsi is a stochastic calculated on the data of relative strength index (rsi)it has six adjustable parameters:stochastic %k period- stochastic %k line calculation periodstochastic %d period- stochastic %d line calculation periodstochastic slowing- stochastic slowing calculation periodrsi period- rsi calculation periodoverbought - overbought leveloversold - oversold levelcalculations:sk = avgskisd = avgskwhere:avgski = sma(ski,stochastic slowing)avgsk = sma(sk, stochastic %d period)ski = (rsi - min) / (max-min) * 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: stochastic multi-timeframe indicator - another powerful indicator for MetaTrader 5 traders.
indicator stochastic rsi is a stochastic calculated on the data of relative strength index (rsi)
Also recommended: stochastic oscillator indicator for metatrader 5 - similar indicator with strong performance on MetaTrader 5.
it has six adjustable parameters:stochastic %k period
- stochastic %k line calculation period
stochastic %d period
- stochastic %d line calculation period
stochastic slowing
- stochastic slowing calculation period
rsi period
- rsi calculation period
overbought
- overbought level
oversold
- oversold level
calculations:
sk = avgskisd = avgsk
where:
avgski = sma(ski,stochastic slowing)avgsk = sma(sk, stochastic %d period)
ski = (rsi - min) / (max-min) * 100.0max, min - the highest and the lowest values of rsi within the range of stochastic %k period
rsi - relative strength index(close, rsi period)
You may also like: channel and stochastic oscillator - 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.