If you're diving into the world of trading, you've probably heard of the Relative Strength Index (RSI). This powerful indicator was brought to life by John Welles Wilder Jr. in his groundbreaking book, New Concepts in Technical Trading Systems from 1978.
What sets this version apart? It features a streamlined equation designed for faster calculations without sacrificing accuracy. So, whether you're scalping or holding longer positions, you can trust that the signals are spot on.
Plus, this code is written for both MQL4 and MQL5, thanks to its conditional compilation. If you're looking to explore even more, you can find all my CodeBase publications' source code under the “Public Projects” tab in MetaEditor, listed as “FMIC.”
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