All about RSI & Variant

MyRsi - indicator for MetaTrader 5

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John Ehlers introduced a variation of rsi calculation (as a part of another indicator) that he decided to call MyRSi. Since it produces results different then the built in rsi, it seemed as logical step that we should have that indicator too. Kept the name, but again : that name is used by John Ehlers (not me)

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MyRsi with NET - indicator for MetaTrader 5

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In December 2020 issue of TASC, John Ehlers published an indicator called MyRsi with NET (MyRsi with Noise Elimination Technology) in which he uses a sort of Kendall (auto)correlation to filter out signals

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RSI inside the zone Alert - indicator for MetaTrader 5

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Counting the number of bars during which the iRSI (Relative Strength Index, RSI) indicator is inside the oversold or overbought zone. The levels are set in ' RSI: Value Level Down (35.0) ' and ' RSI: Value Level Up (65.0) ', and the minimum number of bars for an alert to trigger is in ' RSI N Bars inside the zone '.

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Attachment 44917

• RSI Definition
• RSI Strategy
• RSI Blueprint
• RSI Trading System
• Conclusion

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RSI_MAonRSI_Filling - indicator for MetaTrader 5

Attachment 45250

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In the subwindow, show the filling of the areas between the two lines: the 'RSI' line and the 'RSI' line smoothed with 'MA'

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RSI Dual Cloud - indicator for MetaTrader 5

Attachment 45735

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The subwindow displays two RSI (Relative Strength Index, RSI) lines - 'Fast' and 'Slow'.

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Originally Posted by mql5

RSI Dual Cloud - indicator for MetaTrader 5

Attachment 45735

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RSI Dual Cloud EA - expert for MetaTrader 5

Attachment 45752

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The EA uses a custom indicator 'RSI Dual Cloud'.

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RSI adaptive EMA Alert - indicator for MetaTrader 5

Attachment 45972

Attachment 45973

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Several types of signals have been added to the RSI adaptive EMA custom indicator when the line color changes.

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This article is based on a new series of studies that showcase a few trading techniques based on the RSI. A trading technique is a way to use an indicator. The study is based on mql5 coding language.

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In the previous article (Part 2 of the series), we demonstrated how to transform the Kumo Breakout Strategy into a fully functional Expert Advisor (EA) using MetaQuotes Language 5 (MQL5). In this article (Part 3), we focus on the Zone Recovery RSI System, an advanced strategy designed to manage trades and recover from losses dynamically. This system combines the Relative Strength Index (RSI) to trigger entry signals with a Zone Recovery mechanism that places counter-trades when the market moves against the initial position. The goal is to mitigate drawdowns and improve overall profitability by adapting to market conditions.

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In this article, we'll build an MQL5 Expert Advisor that automatically detects RSI divergence signals. The EA will mark these signals with clear arrows on your chart and provide a brief summary so you can quickly see what’s happening. Whether you're a beginner or a seasoned trader, this tool helps you spot trading opportunities that you can validate before executing trades, all without spending hours on manual analysis. Let’s dive in and see how this RSI Divergence EA can simplify your trading process.

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