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Published:

2018.12.18 19:15

SRSI.mq5 (11.22 KB) view

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Slow Relative Strength Index was described in Stock&Commodities (July 2015).

It has six input parameters:

Period - calculation period
Smoothing - smoothing period
Applied price
Overbought - overbought level
Middle level - middle level
Oversold - oversold level

Calculation:

SRSI = 50.0 * (1.0+ChgRatio)

where:

ChgRatio =NetChgAvg / TotChgAvg
TotChgAvg = PrevTotChgAvg + SF * (Abs(Change) - PrevTotChgAvg)
NetChgAvg = PrevNetChgAvg + SF * (Change - PrevNetChgAvg)
Change= MA - PrevMA
SF = 1.0 / Period

MA - EMA(Applied price, Smoothing)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22511

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SRSI - indicator for MetaTrader 5