Absolute Strength Averages
Absolute Strength Averages — a MetaTrader 5 indicator kept in the Old Kings collection. Judging by its name, it is built around currency strength across pairs. It has 6 settings, for example Mode (default RSI_method), Length (default 14) and Smooth (default 5). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq5) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT5 · v1.0 · Free
About Absolute Strength Averages
Absolute Strength Averages is an indicator for MetaTrader 5. It has 6 settings, such as Mode, Length and Smooth. MQL source code included.
Files in the download: Absolute strength - averages.mq5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mode | RSI_method | Calculation method |
| Length | 14 | Calculation length |
| Smooth | 5 | Smoothing length |
| Signal | 5 | Signal smoothing length |
| Price | pr_close | Price |
| Avg method | avgSmma | Averaging method |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: MT5 Indicator · MQL5 Source Code