Forex Divergence RSI Petr Indicator
Forex Divergence RSI Petr Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to the RSI oscillator (overbought / oversold zones) and divergence between price and an oscillator. Its source code uses MACD, RSI, the Stochastic oscillator and CCI. It draws arrows on the chart. It has 40 settings, for example TH (default true), TL (default true) and trend (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Divergence RSI Petr Indicator
Forex Divergence RSI Petr Indicator is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and CCI. It draws buy and sell arrows on the chart. It has 40 settings, such as TH, TL and Trend. MQL source code included.
Files in the download: Divergence Petr 1.ex4, Divergence Petr 1.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| TH | true | |
| TL | true | |
| Trend | true | |
| Convergen | true | |
| Complect | 1 | |
| Back steph | 0 | h |
| Back stepl | 0 | l |
| Back step | 0 | Distance between orders |
| Q steps | 1 | , 3 |
| Lev d pl | 5 | ; 2 = () 2 |
| Lev d pr | 1 | ; 2 = () 2 |
| Period | 8 | Period or timeframe used by the calculation |
| Ma method | 0 | |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Applied price | 4 | |
| Mode | 0 | |
| Fast ema period | 12 | Period or timeframe used by the calculation |
| Slow ema period | 26 | Period or timeframe used by the calculation |
| Signal period | 9 | Period or timeframe used by the calculation |
| Kperiod | 13 | Period or timeframe used by the calculation |
| Dperiod | 5 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Price field | 0 | |
| T3 period | 1 | Period or timeframe used by the calculation |
| B | 0.7 | |
| Show bars | 1000 | = 0, |
| Left strong | false | |
| Right strong | true | |
| Anti | true | |
| Trend down | true | |
| Trend up | true | |
| Trend line | true | false = |
| Handy colour | true | Colour on the chart |
| Highline | Red | |
| Lowline | DeepSkyBlue | |
| Channel line | false | true = |
| Trend | 0 | 1 = UpTrendLines, -1 = DownTrendLines, 0 = TrendLines |
| Channel | false | |
| Regression | true | |
| Ray h | true |
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 · Buy/Sell Arrows · MACD · Stochastic · CCI · ADX · MT4 Indicator · MQL4 Source Code