Rsi with Hann windowing – indicator for MetaTrader 5

In his article in January 2022 issue of TASC, “(Yet Another) Improved RSI,” John Ehlers explains how he enhances the RSI by taking advantage of Hann windowing. The RSIH indicator provides a smoother calculation than the classic RSI and has a zero mean. The inherent smoothing in the computation removes the need for supplemental filtering. 

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Rsi with Hann windowing - indicator for MetaTrader 5 3

Compared to built in Rsi

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Rsi with Hann windowing - indicator for MetaTrader 5 4

Recommendations:

  • You can use it as any other Rsi indicator
  • You can use (since rsi is a momentum family of indicators) the color change for possible momentum change estimation
  • You can use zero crosses as an estimation of longer term “trends”

MT5 Indicators – Download Instructions

[post-title] is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

[post-title] provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

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How to install [post-title].mq5?

  • Download [post-title].mq5
  • Copy [post-title].mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on [post-title].mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator [post-title].mq5 is available on your Chart

How to remove [post-title].mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete


MT5 Indicators Download below: