super smoother rs i
Info
The super smoother rs i is a Indicator for MetaTrader 5 that theory : the calculation of rsi is rather simple : we have to add the changes up and changes down. from those sums, we can then calculate the rsi (relative strength index).
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 super smoother 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
theory : the calculation of rsi is rather simple : we have to add the changes up and changes down.
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: Pivot Super Trend Indicator for MT5 - another powerful indicator for MetaTrader 5 traders.
theory :
the calculation of rsi is rather simple : we have to add the changes up and changes down. from those sums, we can then calculate the rsi (relative strength index). at that particular step welles wilder used what sometimes is called wilders em for smoother results, and that gives us space to [produce all sort of different rsis by using different types of smoothing at the final step
Also recommended: supertrend indicator: atr-based trend following for metatrader 5 - similar indicator with strong performance on MetaTrader 5.
it is using super smoother for rsi calculation. it produces results similar to rsx (that was inveted by mark jurik) but the differences are significant enough to have it as a separate type of rsiusage :
you can use it as any other rsi
You may also like: machine learning supertrend - excellent alternative for indicator users on MetaTrader 5.
Source Code
/.......
⚠ 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.