Forex Dynamic Momentum Oscillator RSI Indicator
Forex Dynamic Momentum Oscillator RSI Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is price momentum and the RSI oscillator (overbought / oversold zones). Its source code uses RSI. It has 5 settings, for example Rsi Period (default 14), Rsi Prices (default PRICE_CLOSE) and Average (default 21). 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 Dynamic Momentum Oscillator RSI Indicator
Forex Dynamic Momentum Oscillator RSI Indicator is an indicator for MetaTrader 4 based on RSI. It has 5 settings, such as Rsi period, Rsi prices and Average. MQL source code included.
Files in the download: dynamic_momentum_oscillator_of_rsi.ex4, dynamic_momentum_oscillator_of_rsi.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 14 | Period or timeframe used by the calculation |
| Rsi prices | PRICE_CLOSE | |
| Average | 21 | |
| Average method | MODE_SMA | |
| Smooth | 5 |
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 · Momentum · Oscillator · MT4 Indicator · MQL4 Source Code