Forex IBS RSI CCI Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex IBS RSI CCI Trading Strategy. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones) and the Commodity Channel Index (CCI). In the code it works with MACD, RSI and moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 26 settings, for example porog (default 50), Alerts (default false) and per IBS (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 16 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 IBS RSI CCI Trading Strategy
Forex IBS RSI CCI Trading Strategy is an indicator for MetaTrader 4 based on MACD, RSI and Moving Average. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 26 settings, such as Porog, Alerts and Per ibs. MQL source code included.
Files in the download: e-Rainbow_01.ex4, e-Rainbow_02.ex4, e-Rainbow_03.ex4, e-Rainbow_04.ex4, e-Rainbow_05.ex4, e-Rainbow_06.ex4, e-Rainbow_07.ex4, e-Rainbow_08.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Porog | 50 | |
| Alerts | false | Turn this alert on or off |
| Per ibs | 5 | |
| Koef ibs | 7.0 | |
| Ibs | true | |
| Per rsi | 14 | |
| App price rsi | 0 | app_price |
| Koef rsi | 9.0 | |
| Rsi | true | |
| Per cci | 14 | |
| App price cci | 0 | app_price |
| Koef cci | 1.0 | |
| Cci | true | |
| Shift | 0 | Bar shift (0 = current bar) |
| 1 | false | |
| Positive | true | |
| Range period vkwb | 25 | Number of bars in the calculation |
| Smooth period vkwb | 3 | Number of bars in the calculation |
| Smooth mode vkwb | 0 | |
| Timeframe | 15 | Period or timeframe used by the calculation |
| Move shift | 12 | Bar shift (0 = current bar) |
| Ma period | 9 | Period or timeframe used by the calculation |
| Os ma | 3 | |
| Dist2 | 20 | |
| Std | 0.4 | 0.5 |
| B period | 20 | Period or timeframe used by the calculation |
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 · CCI · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · MACD · Moving Average · MT4 Indicator · MQL4 Source Code