Connors RSI Arrows 2
Connors 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 and moving averages. It draws arrows on the chart. It has 8 settings, for example Rsi Period (default 3), Up Down Period (default 2) and ROCPeriod (default 100). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Connors RSI Arrows 2
Connors RSI Arrows 2 is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart. It has 8 settings, such as Rsi period, Up down period and Roc period. MQL source code included.
Files in the download: Connors RSI arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 3 | Period or timeframe used by the calculation |
| Up down period | 2 | Period or timeframe used by the calculation |
| Roc period | 100 | Period or timeframe used by the calculation |
| Price | PRICE_CLOSE | |
| Arrows visible | true | Arrows visible on/off? |
| Arrows size | 1 | Arrows size |
| Over sold | 20 | Oversold level |
| Over bought | 80 | Overbought level |
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