MT5 RSI Indicators with Divergence, Histogram or MTF

RSI Indicators for MT5

by The Specialist -
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RSI Improved Indicator

RSI Improved Indicator for MT5

The RSI Improved Indicator combines the original RSI calculation with an additional layer of analysis. It calculates the difference between the first RSI and the inverted second RSI (100-RSI2), and then computes the rate of change (ROC) of this difference. This can provide a more nuanced view of the market's momentum and trend, potentially helping traders identify more accurate buy and sell signals.