Summary of Smoothed Relative Strength Index (RSI) indicator for MetaTrader 4/5 📥Download Free [tradingfinder]

The video discusses the Smoothed Relative Strength Index (RSI) indicator available for MetaTrader 4 and 5, which can be downloaded from the Trading Finder website. The RSI smooth indicator is described as an advanced version of the classic RSI, offering reduced volatility noise and improved accuracy in determining overbought and oversold levels, as well as price trends.

Key Features:

• Installation: The indicator can be added to charts by selecting it from the Navigator section and dragging it onto the chart, ensuring the "allow DLL imports" option is checked.
• oscillator Window: Once applied, an oscillator window appears at the bottom of the chart, indicating overbought (changes color) and oversold (turns green) zones.
• Customization Options:
  • Display Settings: Users can choose between light, dark, or custom themes.
  • RSI Settings: Default RSI period is set to 14, with options to adjust calculation types and overbought/oversold levels.
  • alert settings: Alerts can be set for when the oscillator enters overbought/oversold zones, exits limits, and sound/email notifications can be enabled or disabled.

The tutorial concludes by inviting viewers to share their comments and suggestions.

Main Speakers/Sources:

• The video is presented by Trading Finder, focusing on the functionality and customization of the Smoothed RSI indicator.

Notable Quotes

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Technology

Video