Forex Demarker RSI Super Position Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Demarker RSI Super Position Indicator. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones). In the code it works with divergence checks, RSI and an oscillator. It has 5 settings, for example RSI (default 10), De Marker (default 10) and SPStep (default 4). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Demarker RSI Super Position Indicator
Forex Demarker RSI Super Position Indicator is an indicator for MetaTrader 4 based on Divergence, RSI and Oscillator. It has 5 settings, such as RSI, De marker and Sp step. MQL source code included.
Files in the download: installation manual.txt, RSI_DeMarker_Super_Position.ex4, RSI_DeMarker_Super_Position.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| RSI | 10 | |
| De marker | 10 | |
| Sp step | 4 | Distance between orders |
| Fast ma | 10 | |
| Slow ma | 18 |
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 · Divergence · Oscillator · MT4 Indicator · MQL4 Source Code