Forex RSI Divergency Indicator
Forex RSI Divergency Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to the RSI oscillator (overbought / oversold zones). Its source code uses divergence checks and RSI. It draws arrows on the chart. It has 4 settings, for example RSIPeriod (default 14), taille Arrow (default 5) and surachat (default 72). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 RSI Divergency Indicator
Forex RSI Divergency Indicator is an indicator for MetaTrader 4 based on Divergence and RSI. It draws buy and sell arrows on the chart. It has 4 settings, such as Rsi period, Taille arrow and Surachat. MQL source code included.
Files in the download: installation manual.txt, RSI_FWA.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 14 | RSI Period |
| Taille arrow | 5 | Taille des icones (1 à 5) |
| Surachat | 72 | Niveau de surachat déclenchant l'affichage de l'icone |
| Survente | 28 | Niveau de survente déclenchant l'affichage de l'icone |
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 · MT4 Indicator · MQL4 Source Code