Forex FX5 Self Adjusting RSI Indicator 1
This Old Kings indicator for MetaTrader 4 is called Forex FX5 Self Adjusting RSI Indicator 1. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones). In the code it works with RSI. It has 6 settings, for example rsi Period (default 14), diviation (default 2) and MA Method (default true). Load it on a demo chart and check whether its signals repaint before trusting them. 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 FX5 Self Adjusting RSI Indicator 1
Forex FX5 Self Adjusting RSI Indicator 1 is an indicator for MetaTrader 4 based on RSI. It has 6 settings, such as Rsi period, Diviation and Ma method. MQL source code included.
Files in the download: FX5_SelfAdjustingRSI_v1_0b1e.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 14 | Period or timeframe used by the calculation |
| Diviation | 2 | |
| Ma method | true | |
| Rsi color | Blue | Colour on the chart |
| Over bought color | Red | Colour on the chart |
| Over sold color | Green | Colour on the chart |
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