Forex RSI Osma Histogram Indicator
This Old Kings indicator for MetaTrader 4 is called Forex RSI Osma Histogram Indicator. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones). In the code it works with moving averages. It has 9 settings, for example Osma Fast (default 12), Osma Slow (default 26) and Osma Price (default PRICE_CLOSE). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Osma Histogram Indicator
Forex RSI Osma Histogram Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 9 settings, such as Osma fast, Osma slow and Osma price. MQL source code included.
Files in the download: rsi_of_osma.ex4, rsi_of_osma.mq4, rsi_of_osma_histo.ex4, rsi_of_osma_histo.mq4, strategy template.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Osma fast | 12 | |
| Osma slow | 26 | |
| Osma price | PRICE_CLOSE | |
| Osma mode | MODE_LWMA | |
| Osma signal period | 9 | Period or timeframe used by the calculation |
| Osma signal mode | MODE_LWMA | |
| Rsi period | 14 | Period or timeframe used by the calculation |
| Upper level | 60 | |
| Lower level | 40 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code