Forex Parabolic RSI MTF Indicator
From the Old Kings archive: Forex Parabolic RSI MTF Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones), Parabolic SAR and several timeframes at once. In the code it works with RSI. It draws arrows on the chart, can send alerts and can read another timeframe. It has 11 settings, for example Time Frame (default PERIOD_CURRENT), Rsi Period (default 14) and Rsi Smooth (default 3). 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 Parabolic RSI MTF Indicator
Forex Parabolic RSI MTF Indicator is an indicator for MetaTrader 4 based on RSI. 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 11 settings, such as Time frame, Rsi period and Rsi smooth. MQL source code included.
Files in the download: installation manual.txt, parabolic_rsi_2_mtf.ex4, parabolic_rsi_2_mtf.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | PERIOD_CURRENT | Period or timeframe used by the calculation |
| Rsi period | 14 | Period or timeframe used by the calculation |
| Rsi smooth | 3 | |
| Acc step | 0.01 | Distance between orders |
| Acc limit | 0.1 | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Interpolate | 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 · Parabolic SAR · Multi-Timeframe (MTF) · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code