Forex Chain Price RSI Indicator
From the Old Kings archive: Forex Chain Price RSI Indicator, 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 and moving averages. It draws arrows on the chart. It has 5 settings, for example Chain Price RSI (default Copyright 2014 3RJ ~ Ro), RSIPeriod (default 14) and Trend Period (default 34). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files 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 Forex Chain Price RSI Indicator
Forex Chain Price RSI Indicator is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart. It has 5 settings, such as Chain price rsi, Rsi period and Trend period. MQL source code included.
Files in the download: ChainPriceRSI.mq4, ChainPriceRSI_update_01.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Chain price rsi | Copyright 2014 3RJ ~ Roy Philips-Jacobs | |
| Rsi period | 14 | RSI Period |
| Trend period | 34 | Period or timeframe used by the calculation |
| Move period | 3 | Period or timeframe used by the calculation |
| Base period | 6 | Period or timeframe used by the calculation |
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