Forex RSI Price Action Arrows Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex RSI Price Action Arrows Binary Options Strategy. As the name suggests, the idea behind it is price action (reading the candles themselves), the RSI oscillator (overbought / oversold zones) and buy / sell signals on the chart. In the code it works with RSI, moving averages, ATR and fractals. It draws arrows on the chart and can send alerts. It has 32 settings, for example RSIPeriod (default 5), RSIPrice (default 0) and level Os (default 30). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 10 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 Price Action Arrows Binary Options Strategy
Forex RSI Price Action Arrows Binary Options Strategy is an indicator for MetaTrader 4 based on RSI, Moving Average, ATR and Fractals. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 32 settings, such as Rsi period, Rsi price and Level os. MQL source code included.
Files in the download: installation manual.txt, RSI Ob Os_arrows+alerts.ex4, RSI Ob Os_arrows+alerts.mq4, RSI price action.tpl, RSI price action2.tpl, Stochastic Friendly.ex4, sup-res3.ex4, Support and Resistance # TLB OC v02.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 5 | Period or timeframe used by the calculation |
| Rsi price | 0 | |
| Level os | 30 | |
| Level ob | 70 | |
| Arrowsize | 2 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | true | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Soundfile | alert2.wav | Turn this alert on or off |
| LB | 3 | |
| Max bars for period | 1000 | Period or timeframe used by the calculation |
| Show m01 | TRUE | |
| Show m05 | TRUE | |
| Show m15 | TRUE | |
| Show m30 | TRUE | |
| Show h01 | TRUE | |
| Show h04 | TRUE | |
| Show d01 | TRUE | |
| Show w01 | TRUE | |
| Show mn1 | TRUE | |
| Show chart alerts | true | Turn this alert on or off |
| Alert email subject | Turn this alert on or off | |
| Send push notification | false | Turn this alert on or off |
| Sound alerts | false | Turn this alert on or off |
| Sound file up | alert.wav | Turn this alert on or off |
| Sound file down | alert2.wav | Turn this alert on or off |
| Bar count | 1000 | |
| Signal at blue dot | 3 | |
| Signal at red dot | 3 | |
| Show dots on screen | true |
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: Price Action · RSI · Buy/Sell Arrows · Binary Options · Alerts · Moving Average · ATR · Fractals · MT4 Indicator · MQL4 Source Code