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RSI converter percent to price MT5

The indicator calculates the price of the trading instrument based on the RSI percentage level. The calculation is performed by Close prices, so that we can quickly find out the price, at which RSI shows the specified percentage level. This allows you to preliminarily place stop levels (Stop Loss and Take Profit) and pending orders according to significant RSI points with greater accuracy.

The indicator clearly shows that RSI levels constantly change, and the difference between them is not fixed. This means the standard RSI oscillator cannot help you define the number of points the price is to pass before reaching the next RSI level. For more visibility, I recommend building the levels of 30 and 70 that are the most popular for defining potential local trend reversal points.

The indicator eliminates the significant disadvantage of the RSI oscillator, namely the inability to analyze level crossings and returns to the channel (roll-backs) on history. The indicator allows you to visually assess roll-backs from levels.


Advantages:

  1. Accurate calculation of the specified RSI percentage level price;
  2. Ability to visually receive information from any timeframe;
  3. Ability to use in the algorithmic trading;
  4. In most cases, the use of this indicator will speed up the optimization process by abandoning the "Every tick" bar plotting mode;
  5. Buffer 0 provides info on the current price level according to the RSI standard oscillator. This allows applying one indicator for the market analysis in the algorithmic trading.


Parameters

  1. RSI - indicator period. Recommended values 2-100. However, greater values are possible as well - the limitation has to do with the number of bars on the chart;
  2. Percent Levl - RSI percentage value to be converted into price (1-99);
  3. TF - RSI calculation timeframe. It cannot be lower than the timeframe of the chart the indicator is running on.
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If you want to find good trading opportunities, then you must trade near the Trend Line. This allows you to have a tighter         stop loss   on your trades — which improves your       risk to reward . But that’s not all… Because if you combine Trend Line with Support and Resistance, that’s where you find the best trading opportunities. Now you might wonder: “So when do I enter a trade?” Well, you can use reversal     candlestick patterns   (like the   Hammer, Bullish Engulfing, etc.) as your e
Market Overview MT5
Mehran Sepah Mansoor
Ottimizzate le vostre decisioni di trading con il nostro indicatore di forza e sentimento del mercato e non fate più trading controcorrente! Meticolosamente progettato per i trader seri che apprezzano informazioni accurate e tempestive, il nostro indicatore fornisce una visione a volo d'uccello delle 28 coppie principali in modo molto semplice. Questo strumento è in grado di classificare le coppie di valute in base alla popolarità, alla forza del trend rialzista o ribassista e alla percentual
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Control risk panel
Aleksey Vyazmikin
The Control risk panel indicator is an information panel that allows you to monitor the status of trading on the account. Information about open orders is provided in the form of a position with a choice of three types of grouping: 1. No grouping - shows the minimized position by symbol, it is recommended to use for General assessment of the situation 2. Groups the position by symbol into subgroups by magic number, it is recommended to use it to monitor the work of different expert advisors on o
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The indicator calculates the price of the trading instrument based on the RSI percentage level. The calculation is performed by Close prices, so that we can quickly find out the price, at which RSI shows the specified percentage level. This allows you to preliminarily place stop levels (Stop Loss and Take Profit) and pending orders according to significant RSI points with greater accuracy. The indicator clearly shows that RSI levels constantly change, and the difference between them is not fixed
The Predicting Donchian Channel indicator allows predicting the future changes in the levels of the Donchian channel based on the channel position of the price. The standard ZigZag indicator starts drawing its ray in 99% of the time the opposite Donchian channel is touched. The forecast of the channel boundary levels will help in finding the points, where the correction ends or the trend changes, an also to estimate how soon those events can occur. Configurations Period - Donchian channel calc
The Predicting Donchian Channel MT5 indicator allows predicting the future changes in the levels of the Donchian channel based on the channel position of the price. The standard ZigZag indicator starts drawing its ray in 99% of the time the opposite Donchian channel is touched. The forecast of the channel boundary levels will help in finding the points, where the correction ends or the trend changes, an also to estimate how soon those events can occur. Configurations Period - Donchian channel
Gap on chart
Aleksey Vyazmikin
5 (2)
L'indicatore "Gap on chart" ti permetterà di vedere le lacune di prezzo sul grafico. I livelli di Gap si estendono nel tempo fino a quando il prezzo non colma il divario di prezzo. L'indicatore consente di regolare la sensibilità : quale dimensione del divario nei punti mostrare e quale profondità della cronologia analizzare. Per l'uso in trading automatico, usato numerazione del gap LIFO, cioè l'ultima riempire il divario di prezzo è il numero 1. Regolazioni InpBars-indica il numero di
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