Double Stochastic RSI
Double Stochastic RSI 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) and the Stochastic oscillator. Its source code uses RSI. It has 14 settings, for example RSIPeriod (default 14), Rsi Method (default rsi_rsx) and Price (default pr_close). 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 Double Stochastic RSI
Double Stochastic RSI is an indicator for MetaTrader 4 based on RSI. It has 14 settings, such as Rsi period, Rsi method and Price. MQL source code included.
Files in the download: Double Stochastic RSI.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 14 | RSI period |
| Rsi method | rsi_rsx | Rsi type |
| Price | pr_close | RSI applied to price |
| Sto period1 | 55 | Stochastic period 1 (less than 2 - no stochastic) |
| Sto period2 | 55 | Stochastic period 2 (less than 2 - no stochastic) |
| Ema period | 15 | Smoothing period (less than 2 - no smoothing) |
| Fl look back | 25 | Floating levels look back period |
| Fl level up | 90 | Floating levels up level % |
| Fl level down | 10 | Floating levels down level % |
| Color on | cc_onLevels | Color change on : |
| Color nu | clrDodgerBlue | Color for nuetral |
| Color up | clrDodgerBlue | Color for up |
| Color down | clrSandyBrown | Color for down |
| Line width | 3 | Main line width |
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 · Stochastic · MT4 Indicator · MQL4 Source Code