RSI Divergence Limited ReadMe File

This code is an indicator for MetaTrader 5 that detects and trades RSI (Relative Strength Index) divergences in the forex market. It was developed by the Forex Robot Easy Team and can be found on their website forexroboteasy.com.

Indicator Settings

• RSI_Period: The period for calculating the RSI indicator. Default value is 14.
• Draw_Histogram: Choose between line or histogram drawing for the RSI indicator.

How it Works

1. The indicator calculates the RSI using the iRSI function provided by the MetaTrader 5 platform.
2. It then checks for regular divergence using the CheckRegularDivergence function.
3. If regular divergence is detected, the indicator executes the trading logic for regular divergence.
4. It also checks for hidden divergence using the CheckHiddenDivergence function.
5. If hidden divergence is detected, the indicator executes the trading logic for hidden divergence.

Product Description

This code sample is a part of the RSI Divergence Limited product available on forexroboteasy.com. It is a powerful forex software that helps traders identify and trade RSI divergences in the forex market.

For detailed reviews and trading results of the RSI Divergence Limited product, please visit here. Please note that ForexRobotEasy is not the official developer of this product. We are only showcasing a sample code that can work as described in the official product. To find the official developer of this product, please refer to MQL5.