RSI Candles Smoothed

MT5 Free Download

The RSI Candles Smoothed indicator is a combination of four RSI values (RSI of High, Low, Open and Close) displayed as candles in a sub-window below the main trading chart.

This version has an additional options to enable prices pre-smoothing prior to be used in a calculation, which makes it an RSI-of-MA combination. To avoid prices pre-smoothing, use a smoothing period that is less than or equal to 1.

How to install the RSI Candles Smoothed on your Metatrader 5 trading platform?

Download the indicator by clicking “LINK” button at the bottom of this post.
Copy and paste the RSI Candles Smoothed files into following folder of your Metatrader 5 (MT5) platform: MQL5 > Indicators.
You can gain access to the folders this way: File > Open Data Folder > MQL5 > Indicators (paste files here).
Restart your Metatrader 5 Client.
Select Chart and Timeframe where you want to test the indicator
Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 5 platform.
Right click on rsi-candles-smoothed.ex5 and than click “Attach to the chart”.
You can modify settings if you need and than click ok.
The indicator is ready and running on the chart.

In the archives you will find following Metatrader 5 files included: