Forex RSI MACD Signals Arrows Indicator
Forex RSI MACD Signals Arrows Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around MACD (moving average convergence / divergence), the RSI oscillator (overbought / oversold zones) and buy / sell signals on the chart. Its source code uses moving averages and ATR. It draws arrows on the chart. It has 12 settings, for example Fast EMA (default 12), Slow EMA (default 24) and MODE MA (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 RSI MACD Signals Arrows Indicator
Forex RSI MACD Signals Arrows Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart. It has 12 settings, such as Fast ema, Slow ema and Mode ma. MQL source code included.
Files in the download: installation manual.txt, RSI of (Macd-Signal)_V1 - arrows.ex4, RSI of (Macd-Signal)_V1 - arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 12 | |
| Slow ema | 24 | |
| Mode ma | 3 | |
| Signal sma | 9 | |
| Rsi period | 7 | Period or timeframe used by the calculation |
| Show arrows for rsi level50 | true | |
| Show arrows for rsi slope | true | |
| Arrows identifier | RsiArrows1 | |
| Arrows up color1 | DeepSkyBlue | Colour on the chart |
| Arrows dn color1 | Red | Colour on the chart |
| Arrows up color2 | LawnGreen | Colour on the chart |
| Arrows dn color2 | Red | Colour on the chart |
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: MACD · RSI · Buy/Sell Arrows · Moving Average · ATR · MT4 Indicator · MQL4 Source Code