Forex Exteme RSI Reversal Trading Strategy
Forex Exteme RSI Reversal Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to the RSI oscillator (overbought / oversold zones) and reversals against the current move. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 8 settings, for example MA1 Period (default 50), MA2 Period (default 100) and Method (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 3 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 Exteme RSI Reversal Trading Strategy
Forex Exteme RSI Reversal Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Ma1 period, Ma2 period and Method. MQL source code included.
Files in the download: Exterme RSI Reversal System.tpl, Extreme RSI.ex4, installation manual.txt, MA-X Arrows.ex4, MA-X Arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma1 period | 50 | Period or timeframe used by the calculation |
| Ma2 period | 100 | Period or timeframe used by the calculation |
| Method | 3 | |
| Price type | 4 | |
| Reverse signal | true | |
| Arrow size | 2 | |
| Arrow point gap | 50 | |
| Alerts | false | Turn this alert on or off |
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 · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code