Forex RSI Strike AM Indicator
From the Old Kings archive: Forex RSI Strike AM Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones). In the code it works with RSI. It draws arrows on the chart. It has 18 settings, for example RSI Period1 (default 2), RSI Period2 (default 4) and RSI Period3 (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Strike AM Indicator
Forex RSI Strike AM Indicator is an indicator for MetaTrader 4 based on RSI. It draws buy and sell arrows on the chart. It has 18 settings, such as Rsi period1, Rsi period2 and Rsi period3. MQL source code included.
Files in the download: installation manual.txt, Multi_RSIvAM1.mq4, RSI_StrikesAMt.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period1 | 2 | Number of bars in the calculation |
| Rsi period2 | 4 | Number of bars in the calculation |
| Rsi period3 | 3 | Number of bars in the calculation |
| Rsi period4 | 5 | Number of bars in the calculation |
| Rsi period5 | 6 | Number of bars in the calculation |
| Rsi period6 | 8 | Number of bars in the calculation |
| Rsi period7 | 10 | Number of bars in the calculation |
| Rsi period8 | 12 | Number of bars in the calculation |
| Price | 0 | Low/High 0, Close/Close 1 |
| Rsi price1 | 0 | |
| Rsi price2 | 0 | |
| Rsi price3 | 0 | |
| Rsi price4 | 0 | |
| Rsi price5 | 0 | |
| Rsi price6 | 0 | |
| Rsi price7 | 0 | |
| Rsi price8 | 0 | |
| Counted bars | 300 |
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 · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code