RSI on Moving Average Indicator for MetaTrader 5 — Free Download by TFlab

💎Introduction

The RSI on Moving Average (RSI on MA) indicator for MetaTrader 5 (MT5), developed by TFlab, is a hybrid technical analysis tool that combines the Relative Strength Index (RSI) with Moving Average (MA) crossovers.

💰source :
https://tradingfinder.com/products/indicators/mt5/rsi-on-ma-free-download/

💰free indicator download:
https://cdn.tradingfinder.com/file/228766/rsi-based-on-ma-ob-os-mt5-by-tflab.zip

💰TradingFinder Support Team (Telgram):
https://t.me/TFLABS

This integration enhances trend detection and momentum analysis, providing traders with clearer insights into market dynamics.

💎Key Features

  • Dual Oscillating Lines: Plots two lines ranging from 0 to 100, representing fast (red) and slow (blue) moving averages of RSI values.
  • Crossover Signals: Buy and sell signals are generated when the fast and slow lines intersect.
  • Multi-Timeframe Support: Suitable for various trading timeframes, enhancing its versatility.
  • Customizable Settings: Adjustable parameters allow traders to tailor the indicator to their specific strategies.

Indicator Specifications

💎How It Works

Uptrend Signal

When the fast-moving line (red) and the slow-moving line (blue) converge near the 0 level, and the slow line crosses the fast line upward, it indicates the initiation of an uptrend. Traders may consider this a potential buy signal, subject to further confirmation.

Downtrend Signal

Conversely, when both lines approach the 100 level and the slow-moving line (blue) crosses the fast-moving line (red) downward, it suggests a potential downtrend, serving as a possible sell signal upon additional validation.

Indicator Settings

Conclusion

The RSI on MA indicator is a valuable tool for traders seeking to combine momentum and trend analysis.

By integrating RSI with moving average crossovers, it offers enhanced precision in identifying market trends and potential entry or exit points. Its customizable settings and multi-timeframe support make it adaptable to various trading strategies.

FAQS

❓ What is the RSI on Moving Average Indicator?

It’s a technical indicator that combines RSI with Moving Averages to improve trend and momentum detection.

❓ Which platform is it for?

MetaTrader 5 (MT5).

❓ What does it show?

It plots two RSI-based moving average lines and signals trend shifts through their crossovers.

Learn more RSI on Moving Average Indicator for MetaTrader 5 — Free Download by TFlab

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