Stochastic RSI (OMA) – indicator for MetaTrader 5
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
- 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
- or fixed
Alerts are based on color change settings — which in turn can be :
- 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.