Forex Novus Orsa Trading System
Forex Novus Orsa Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses RSI. It can send alerts. It has 19 settings, for example RSIPeriod (default 16), TCurvature (default 0.618) and MAPeriod (default 10). 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 Novus Orsa Trading System
Forex Novus Orsa Trading System is an indicator for MetaTrader 4 based on RSI. It can alert you with a pop-up, sound, email or push message. It has 19 settings, such as Rsi period, T curvature and Ma period. MQL source code included.
Files in the download: Cronex T RSI BB.mq4, i-regr system.tpl, i-Regr_modified 1.3.1.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 16 | Period or timeframe used by the calculation |
| T curvature | 0.618 | |
| Ma period | 10 | Period or timeframe used by the calculation |
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands deviations | 2 | |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Bar shift | 0 | Bar shift (0 = current bar) |
| Animate | false | |
| Step | 1 | Distance between orders |
| Degree | 3 | |
| Kstd | 1.0 | 1st deviation |
| Kstd2 | 2.0 | 2nd deviation |
| Kstd3 | 3.0 | 3rd deviation |
| Adjust to daily cycle | true | this is a switch to either automatically calculate bar to # days bellow or use bars value directly |
| Day cycle | 2 | basic market daily cycle is usually 2 days |
| Show1st | true | show 1st deviation |
| Show2nd | true | show 2nd deviation |
| Show3rd | true | show 3rd deviation |
| Bars | 250 |
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: Alerts · RSI · MT4 Indicator · MQL4 Source Code