RSI on Moving Average indicator for MetaTrader 4 – The indicator plots 2 RSI based on 2 MA. Signals are at intersections. At the same time, the direction of the indicator movement must match the intersection signal. Otherwise, the signal is filtered.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements.
A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random price fluctuations. It is a trend-following or lagging, indicator because it is based on past prices.