Forex Delta RSI Indicator
From the Old Kings archive: Forex Delta RSI Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones). In the code it works with RSI. It has 8 settings, for example RSIPeriod1 (default 14), RSIPeriod2 (default 50) and Level (default 50). 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 Forex Delta RSI Indicator
Forex Delta RSI Indicator is an indicator for MetaTrader 4 based on RSI. It has 8 settings, such as Rsi period1, Rsi period2 and Level. MQL source code included.
Files in the download: delta-rsi-indicator.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period1 | 14 | Fast RSI Period |
| Rsi period2 | 50 | Slow RSI Period |
| Level | 50 | Signal Level |
| Bar | 0 | Bar |
| Active up | clrRed | OverBuy Color |
| Active down | clrGreen | OverSell Color |
| Passive | clrGray | No Signal Color |
| Type gr | Histogram | Type graph |
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 · MT4 Indicator · MQL4 Source Code