Forex IC RSI Channel Arrows Indicator
Forex IC RSI Channel Arrows Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones), price channels and buy / sell signals on the chart. Its source code uses RSI and moving averages. It draws arrows on the chart and can send alerts. It has 10 settings, for example Period MA Fast (default 5), Mode MA Fast (default 0) and Price MA Fast (default 0). Load it on a demo chart and check whether its signals repaint before trusting them. 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 IC RSI Channel Arrows Indicator
Forex IC RSI Channel Arrows Indicator is an indicator for MetaTrader 4 based on RSI and 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 10 settings, such as Period ma fast, Mode ma fast and Price ma fast. MQL source code included.
Files in the download: installation manual.txt, îÇ & RSI channel.ex4, îÇ & RSI channel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period ma fast | 5 | Number of bars in the calculation |
| Mode ma fast | 0 | |
| Price ma fast | 0 | |
| Period ma slow | 12 | Number of bars in the calculation |
| Mode ma slow | 0 | |
| Price ma slow | 0 | |
| Period rsi | 14 | Number of bars in the calculation |
| Top level rsi | 46 | |
| Boot level rsi | 54 | |
| Alert on | true | 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 · Channels & Envelopes · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code