Double stochastic RSI – fl – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Double stochastic of RSI using floating levels instead of using fixed levels for overbought or oversold detection.

    In case when RSI period is set to <=1, you are going to get double stochastic.
    Additional smoothing of a results can be used (internally EMA is used for additional smoothing). The usual set of 22 custom prices types is available. 

    PS: the indicator should not be confused with double smoothed stochastic. This is double stochastic and the results are different from the double smoothed stochastic indicator.

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window