All about RSI & Variant

Non Lag Relative Strength Index for MT5 - indicator for MetaTrader 5

Non Lag Relative Strength Index for MT5

Eliminates unnecessary preliminary calculations on the built-in RSI.

Non Lag Relative Strength Index - indicator for MetaTrader 4

Non Lag Relative Strength Index for MT4.

Eliminates unnecessary preliminary calculations on the built-in RSI.

Two iRSI in one subwindow - indicator for MetaTrader 5

Place two iRSI (Relative Strength Index, RSI) indicators - ' Fast ' and ' Slow ' in one subwindow. Moreover, each indicator has independent parameters:

• XXXX averaging period - averaging period
• XXXX type of price - price type

RSI LiDo Color - indicator for MetaTrader 5

The initial idea to display the iRS (Relative Strength Index, RSI) indicator as dots was in RSI LiDo . Now the indicator has two adjustable, through input parameters, levels (' RSI: Level UP ' and ' RSI: Level DOWN ') and three colors for points

RSI Trend - indicator for MetaTrader 5

As you know, oscillators have overbought and oversold zones. When moving sideways, the indicator lines do not stay in these zones for a long time. However, when the price is trending, the indicator lines are drawn in these zones for quite a long time. The peculiarity of the RSI indicator is that it reaches overbought and oversold zones much less frequently than the same Stochastic or CCI indicator, which gives fewer signals about a possible change in the direction of movement (often false).

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Same indicator for MT4.

RSI Histogram - indicator for MetaTrader 5

The iRSI (Relative Strength Index, RSI) indicator drawn as a colored histogram

RSI Four Colors - indicator for MetaTrader 5

IRSI (Relative Strength Index, RS) indicator in the form of a colored histogram (using the drawing style DRAW_COLOR_HISTOGRAM2 - histogram on two buffers). The histogram can be colored in four colors depending on whether it is below the ' RSI: Level DOWN ' level or above the ' RSI: Level UP ' level and the result of comparing the indicator values on the current and previous bars.

RSI Arrow Out of Zone iMA Trend Visualization - indicator for MetaTrader 5

Modification of the RSI Arrow Out of Zone iMA Trend indicator - added the 'Use indicators visualization' parameter: when set to 'true' (if the indicator is running in visual debugging mode or online), iMA and iRSI indicators will be displayed on the chart.

RSI Histogram 2 - indicator for MetaTrader 5

Indicator idea:
Display the iRSI (Relative Strength Index, RSI) indicator as a colored histogram, and apply the colors as iAO (Awesome Oscillator, AO). The histogram is plotted around the '50' level

iRSI Open Close - expert for MetaTrader 5

Trading strategy
The iRSI (Relative Strength Index, RSI) indicator is used on the specified ' Working timeframe' timeframe - the same timeframe is used to determine the moment when a new bar is born (if it is needed for the ' Search signals on ... ' parameter). There is no Stop Loss, Take Profit, or Trailing in the EA.

Trading signals
As soon as the RSI crossed the 'RSI Level DOWN (30)' level from top to bottom, it is a signal to open a BUY position (before that, SELL positions will be closed first). As soon as the RSI crossed the 'RSI Level UP (70)' level from bottom to top, it is a signal to open a SELL position (before that, BUY positions will be closed first).

It is backtesting with visual mode (and with 100% history/modelling quality) - just for idea about how this EA works (by 0.01 lot size):