Unlock the Power of the Tick RSI Adaptive Indicator
If you're diving into the world of trading with MetaTrader 5, you might want to check out the Tick RSI Adaptive Indicator. This nifty tool calculates an Adaptive RSI using tick data and seamlessly integrates it with both fast and slow moving averages in a dedicated window.
Originally a throwback to an MT4 indicator from 2008 developed by Rosh at Trend Laboratory, this version enhances your trading experience by utilizing the default RSI that comes bundled with MT5.
What’s great about this indicator is how it essentially “transforms” the traditional RSI into a more dynamic tool by incorporating tick calculations for both slow and fast moving averages.
Here’s a quick comparison to help you visualize the differences:
In the above chart, the green line represents the tick price plot, while the blue line depicts the fast RSI, and the red line illustrates the slow RSI.
With the Tick RSI Adaptive Indicator, you have the flexibility to customize calculation periods, choose your preferred moving average types, and adjust visual settings to suit your trading style.
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