The RSI MA Signal Indicator is a straightforward yet powerful tool for MetaTrader 5, perfect for traders of all levels.
This indicator cleverly combines two classic trading tools: the Relative Strength Index (RSI) and a Moving Average (MA). The aim? To help you spot trend-following signals with ease. It’s designed to be a clean, non-repainting visual tool, making it an excellent choice for manual traders or as a signal source for your trading systems.
Understanding the Strategy Logic
The RSI MA Signal Indicator provides clear signals only when both of the following conditions align:
Buy Signal (Blue Arrow):
- The closing price is ABOVE the Moving Average, confirming an uptrend.
- The RSI value is ABOVE the 50 level, indicating bullish momentum.
Sell Signal (Red Arrow):
- The closing price is BELOW the Moving Average, confirming a downtrend.
- The RSI value is BELOW the 50 level, signaling bearish momentum.
Key Features
- Clean and well-commented code for easy understanding.
- All parameters (RSI Period, MA Period) are fully adjustable in the settings.
- Utilizes standard MT5 buffers for signals, making it ideal for integration with iCustom() in your trading systems.
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