Forex RSI Filter Indicator
Forex RSI Filter 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 RSI. It has 5 settings, for example RSI Period (default 34), RSI Apply Price (default PRICE_CLOSE) and MA Period (default 34). 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 RSI Filter Indicator
Forex RSI Filter Indicator is an indicator for MetaTrader 4 based on RSI. It has 5 settings, such as Rsi period, Rsi apply price and Ma period. MQL source code included.
Files in the download: installation manual.txt, RSI_Filter.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 34 | Period or timeframe used by the calculation |
| Rsi apply price | PRICE_CLOSE | |
| Ma period | 34 | Period or timeframe used by the calculation |
| Ma method | MODE_SMMA | |
| Ma shift | 0 | Bar shift (0 = current bar) |
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 · MT4 Indicator · MQL4 Source Code