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You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 4813
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- Published:
- 2018.12.22 09:37
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Theory :
Some might think that using smoothing prior to rsi calculation is the same as smoothing the rsi value. As a vivid example, you can compare this version (when the RSI is smoothed after the calculation) to the version that uses (smoothed prices (originally published here : RSI of AMA ). As you can see they are quite different in a lot of ways. And it also shows why a "generalized" AMA was needed (now it can calculate smoothed value of any other value, not just of price)
Usage :
It can be used in a same way as any Ris(oma) indicator or as any Rsi itself
![RSI of AMA](https://c.mql5.com/i/code/indicator.png)
RSI of Adaptive Moving Average - AMA
![Adaptive Moving Average - generalized version with floating levels](https://c.mql5.com/i/code/indicator.png)
Adaptive Moving Average - generalized version with floating levels
![RSI of AMA - floating levels](https://c.mql5.com/i/code/indicator.png)
RSI of AMA - floating levels
![AMA smoothed RSI - floating levels](https://c.mql5.com/i/code/indicator.png)
AMA smoothed RSI - floating levels