Watch the testing video here:
RSI of Adaptive Moving Average Indicator
The RSI of Adaptive Moving Average Indicator is, as the name suggests, a combination of Relative Strenght Index and Moving Average indicator. Simply speaking, it plots a smoothed line that follows price. The signal line is either green or orange. A green line indicates bullish trend-momentum, and conversely, an orange line reflects bearish trend-momentum.
The RSI of Adaptive Moving Average Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the RSI of Adaptive Moving Average indicator in MT5?
Download the RSI of Adaptive Moving Average.rar archive at the bottom of this post, unpack it, then copy and paste the RSI of Adaptive Moving Average.ex5 or RSI of Adaptive Moving Average.mq5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
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