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Configuring an RSI Indicator with Dynamic Levels

Article MQL5 code base
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Summary

This brief indicator description identifies the RSI as having dynamic levels and lists its configurable inputs. The user can select which price series feeds the calculation, including close, open, high, low, median, typical, or weighted price. An RSI period sets the averaging window, while a coefficient controls the distance between the dynamic levels. The averaging method can be simple or smoothed.

The text is a parameter guide rather than a complete trading method. It does not explain the formula used to derive the dynamic levels, how the coefficient affects them in practice, or what signals traders should act on. It offers no chart examples, tested results, or guidance on choosing parameters, so the settings alone are insufficient to assess the indicator’s behavior or trading value.

Key ideas

  • The indicator applies RSI with levels that vary dynamically.
  • Its input price can be selected from several standard OHLC-derived series.
  • The RSI period and a coefficient for level spacing are configurable.
  • The calculation can use simple or smoothed averaging.
  • The description does not provide the dynamic-level formula or signal rules.

Tags

Technical indicatorsStatistics

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.