Stochastic RSI (OMA) – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Stochastic RSI (OMA).

    This indicator allows calculation of
    stochastic of RSI and stochastic of RSI of average (this version has the
    basic 4 types of averages).

    The RSI types it has are :

      • Cuttler’s RSI
      • Ehlers’ smoothed RSI
      • Harris’ RSI
      • Rapid RSI
      • RSI
      • RSX
      • Slow RSI

    If you use price smoothing, then they are becoming RSI (OMA), if you do not, then “regular” rsi is calculated. Levels can be

    • floating
    • quantile
    • or fixed

    Alerts are based on color change settings — which in turn can be :

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    • on outer levels cross
    • on middle level cross
    • on slope change

    It is using the usual set of 22 prices and is already a multi time frame version.

  • 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
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