RSI Traffic Light

RSI Traffic Light Indicator tracks several RSI (Relativ Streng Index) Periods and informs you, if the trend is changing.

  • Trend is you friend, one of the classical Trend following is the Relativ Streng Index (RSI).
  • With RSI Traffic Light Indicator you will get information about trendchange.
  • The RSI Traffic Light Indicator alerts you if the trend is changing for your pair.
  • Different trendchange criterials and visualisation themes inclusive.
  • Your can adjust the indicator Trendchange criterials by selecting one of these options
  • Sensitive (earlier trendchange criterials -> more signals)
  • Normal (normal trendchange criterials -> default setting)
  • The current trend can visualized with traffic light on the Chart, you can swith it on or off and choose different sizes of the traffic light.
  • The Indicator is working for every pair and timeframe


Important:

Get informed about new Products, join our MQL Channel: https://www.mql5.com/en/channels/etradro


Setup & Support:

For further questions join our support group: https://www.mql5.com/en/messages/01F85845B013D901

Get informed about new Products, join our MQL Channel: https://www.mql5.com/en/channels/etradro



for Developers:

use IndicatorBuffer 0 for the Uptrend
use IndicatorBuffer 1 for the Downtrend

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MERAVITH SCANNER is a professional financial market indicator for MetaTrader 5 that consolidates multiple analytical tools into one integrated system. It performs all calculations automatically using a proprietary volume-weighted average price methodology, eliminating subjective interpretation entirely. This indicator contains features that may not supported by the MetaTrader current testing environment The indicator works on all asset classes (Forex, Stocks, Indices, Commodities, Cryptocurrenc
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