Color RSI Fast
From the Old Kings archive: Color RSI Fast, an indicator for MetaTrader 4. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones). In the code it works with RSI, moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 12 settings, for example RSIPeriod (default 26), Price Type (default 0) and time Frame (default Current Time Frame). 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 · v1.0 · Free
About Color RSI Fast
Color RSI Fast is an indicator for MetaTrader 4 based on RSI, Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 12 settings, such as Rsi period, Price type and Time frame. MQL source code included.
Files in the download: Color RSI Fast.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 26 | Period or timeframe used by the calculation |
| Price type | 0 | |
| Time frame | Current Time Frame | Period or timeframe used by the calculation |
| Over bought | 48 | |
| Over sold | 48 | |
| Show arrows | false | |
| Alerts on | false | Turn this alert on or off |
| Alerts message | false | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Repaint signal step | 0 | Distance between orders |
| Repaint signal price | 0 |
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 · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code