Step RSI AM 外汇EA

This indicator is an interpretation of the values of the classic indicator – RSI.

A filter is used to smooth the sharp fluctuations of the indicator values, eliminating the weak changes and focusing the trader’s attention on strong fluctuations of values.

The indicator is not redrawn on completed bars.

For greater efficiency of this indicator, it should be used in conjunction with the indicators that identify the trend direction, as well as support/resistance levels.

Signals:

• Histogram crossing 0 level.
• Histogram crossing the signal line.

The confirmation of the signal is the overcoming by the price of the high/low of the bar on which the signal was given.

Adjustable Parameters:

• RSI_Price – priced used for indicator calculation;
• RSI_Period – indicator period;