Forex Open Position Stoch RSI Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Open Position Stoch RSI Indicator. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones) and the Stochastic oscillator. In the code it works with MACD, RSI and the Stochastic oscillator. It draws arrows on the chart. It has 11 settings, for example fastrsi (default 3), slowrsi (default 13) and kperiod (default 8). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Open Position Stoch RSI Indicator
Forex Open Position Stoch RSI Indicator is an indicator for MetaTrader 4 based on MACD, RSI and Stochastic. It draws buy and sell arrows on the chart. It has 11 settings, such as Fastrsi, Slowrsi and Kperiod. MQL source code included.
Files in the download: installation manual.txt, signal_lubang_kosong_v_1_3.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fastrsi | 3 | |
| Slowrsi | 13 | |
| Kperiod | 8 | Period or timeframe used by the calculation |
| Dperiod | 3 | Period or timeframe used by the calculation |
| Slowingstoch | 3 | |
| Fast ema | 12 | ʼ |
| Slow ema | 26 | ʼ |
| Signal sma | 9 | ʼ |
| Arrowwidth | 3 | |
| Poin | 15 | |
| Arrowmacd | true |
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 · Stochastic · Buy/Sell Arrows · MACD · MT4 Indicator · MQL4 Source Code