Addition to the adaptive collection …
Adapting is usually trying to determine the volatility in the market and then, depending in the volatility, adjust the calculation to reflect times of higher or lower volatility. Few methods are used for determining volatility one of which was neglected for a long time : the RSI. Being a momentum indicator and already bounded in known range (0 to 100) it makes a good tool to be used in adapting methods.
Of this indicator:
EMA (Exponential Moving Average) can use fractional period for calculation (ie: it can use, for example, period 14.5 and not just period 14 or 15) and that makes it suitable for adapting. So, this is a EMA that is using RSI to adapt itself to the market. Parameters are all the usual : rsi period and price to be used in calculation. Usage is similar to any average usage, with an addition that you can use color change as a signal, but that should be done with care
MT5 Indicators – Download Instructions
RSI Adaptive EMA MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
RSI Adaptive EMA MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install RSI Adaptive EMA MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download RSI Adaptive EMA MT5 Indicator.mq5
- Copy RSI Adaptive EMA MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on RSI Adaptive EMA MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator RSI Adaptive EMA MT5 Indicator.mq4 is available on your Chart
How to remove RSI Adaptive EMA MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
RSI Adaptive EMA MT5 Indicator (Free Download)
Click here below to download: