AI Weighted RSI Indicator in MetaTrader 5 Download - [TradingFinder]

The AI Weighted RSI Indicator is a specialized tool in MetaTrader 5 that identifies overbought and oversold areas and highlights price entry and exit points.

Forex traders can use this indicator to identify trading opportunities. When the oscillator line crosses the signal line after entering an overbought or oversold zone, it generates a potential buy or sell signal.

Using correlation and standardization techniques, this indicator delivers highly precise overbought and oversold levels.

AI Weighted RSI Indicator Table

Below is the information related to the AI Weighted RSI:

AI Weighted RSI Indicator at a Glance

The AI Weighted RSI Indicator is an advanced and enhanced version of the classic RSI, offering superior performance and precision.

Technical traders can use this indicator to conduct detailed analysis on charts and monitor price behavior when it enters overbought or oversold zones.

When the oscillator exits these zones and crosses the signal line, traders can interpret this as a buy or sell signal and take positions accordingly.

Uptrend with AI Weighted RSI Indicator

On the 30-minute USD/CHF chart, traders can use the AI Weighted RSI Indicator to anticipate the end of a bearish correction and the start of a potential uptrend.

When the oscillator enters the oversold zone and makes a bullish crossover with the signal line, it generates a buy signal and marks the beginning of a bullish phase.

Downtrend with AI Weighted RSI Indicator

On the 1-hour XAU/USD chart, after an upward move, the market transitions into a downtrend.

Using the AI Weighted RSI Indicator, traders can identify the end of the bullish trend and the start of a downward phase.

When the oscillator enters the overbought zone and crosses the signal line downward, it signals a potential sell entry.

AI Weighted RSI Indicator Settings

Below are the settings for the AI Weighted RSI indicator:

• RSI Length: Defines the RSI calculation period. The longer the period, the less sensitive the indicator becomes, and price movements are shown with a slight delay;
• Signal Length: Defines the period of the moving average used as the signal line. This average is based on the weighted RSI value and is used for generating entry and exit signals;
• Learning Window: Defines the number of candles used for correlation and standardization calculations in the learning process. A larger value provides more stable results based on a wider dataset;
• Color of Overbought: Defines the color for the overbought area;
• Color of Oversold: Defines the color for the oversold area.

Conclusion

The AI Weighted RSI Indicator is an advanced and practical oscillator designed for traders who want to detect overbought and oversold zones on charts.

It is an upgraded version of the classic RSI that applies advanced algorithms to provide more accurate and stable overbought and oversold levels.