4 Period RSI Arrows 2
4 Period RSI Arrows 2 is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones) and buy / sell signals on the chart. Its source code uses RSI. It draws arrows on the chart. It has 11 settings, for example atf (default 5), btf (default 15) and ctf (default 30). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq4) 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 · MT4 · v1.0 · Free
About 4 Period RSI Arrows 2
4 Period RSI Arrows 2 is an indicator for MetaTrader 4 based on RSI. It draws buy and sell arrows on the chart. It has 11 settings, such as Atf, Btf and Ctf. MQL source code included.
Files in the download: 4Period_RSI_Arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Atf | 5 | Period() in minutes |
| Btf | 15 | Period() in minutes |
| Ctf | 30 | Period() in minutes |
| Dtf | 60 | Period() in minutes |
| First rs iperiods | 9 | Number of bars in the calculation |
| Second rs iperiods | 9 | Number of bars in the calculation |
| Third rs iperiods | 9 | Number of bars in the calculation |
| Fourth rs iperiods | 9 | Number of bars in the calculation |
| Shift | 0 | Bar shift (0 = current bar) |
| Rsi upper trigger | 62 | |
| Rsi lower trigger | 38 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 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 · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code