4X Traffic RSI V1b
4X Traffic RSI V1b is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones). Its source code uses RSI and moving averages. It draws arrows on the chart. It has 6 settings, for example first column RSIperiods (default 9), second column RSIperiods (default 9) and third column RSIperiods (default 9). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 · v1b · Free
About 4X Traffic RSI V1b
4X Traffic RSI V1b is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart. It has 6 settings, such as First column rs iperiods, Second column rs iperiods and Third column rs iperiods. MQL source code included.
Files in the download: 4XTraffic_RSI_v1b.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| First column rs iperiods | 9 | Number of bars in the calculation |
| Second column rs iperiods | 9 | Number of bars in the calculation |
| Third column rs iperiods | 9 | Number of bars in the calculation |
| Fourth column rs iperiods | 9 | Number of bars in the calculation |
| Rsi upper trigger | 70 | |
| Rsi lower trigger | 30 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code