Double Stochastic RSI Fl 2
From the Old Kings archive: Double Stochastic RSI Fl 2, an indicator for MetaTrader 5. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones) and the Stochastic oscillator. In the code it works with RSI. It has 8 settings, for example RSIPeriod (default 14), Price (default pr_close) and Sto Period1 (default 55). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Double Stochastic RSI Fl 2
Double Stochastic RSI Fl 2 is an indicator for MetaTrader 5 based on RSI. It has 8 settings, such as Rsi period, Price and Sto period1. MQL source code included.
Files in the download: Double Stochastic RSI fl.mq5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 14 | RSI period |
| Price | pr_close | RSI applied to price |
| Sto period1 | 55 | Stochastic period 1 (less than 2 - no stochastic) |
| Sto period2 | 55 | Stochastic period 2 (less than 2 - no stochastic) |
| Ema period | 15 | Smoothing period (less than 2 - no smoothing) |
| Fl look back | 25 | Floating levels look back period |
| Fl level up | 90 | Floating levels up level % |
| Fl level down | 10 | Floating levels down level % |
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: RSI · Stochastic · MT5 Indicator · MQL5 Source Code