Forex RSI Divergence I Gentor Trading Strategy
From the Old Kings archive: Forex RSI Divergence I Gentor Trading Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones) and divergence between price and an oscillator. In the code it works with divergence checks, RSI and moving averages. It draws arrows on the chart and can send alerts. It has 10 settings, for example EMAPeriod (default 34), LSMAPeriod (default 25) and separator1 (default *** RSI Settings ***). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 RSI Divergence I Gentor Trading Strategy
Forex RSI Divergence I Gentor Trading Strategy is an indicator for MetaTrader 4 based on Divergence, 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 Ema period, Lsma period and Separator1. MQL source code included.
Files in the download: i-GentorLSMA&EMA_v[1]1.0.2.ex4, i-GentorLSMA&EMA_v[1]1.0.2.mq4, installation manual.txt, rsi divergence with i-gentor.tpl, RSI Divergence.ex4, RSI Divergence.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ema period | 34 | Period or timeframe used by the calculation |
| Lsma period | 25 | LSMA |
| Separator1 | *** RSI Settings *** | |
| Period | 14 | Period or timeframe used by the calculation |
| Separator2 | *** Indicator Settings *** | |
| Draw indicator trend lines | true | |
| Draw price trend lines | true | |
| Display alert | true | Turn this alert on or off |
| Display classical divergences | true | |
| Display hidden divergences | false |
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 · Divergence · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code