Forex RSI Trend Manager Trading Strategy
Forex RSI Trend Manager Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones) and following the trend. Its source code uses RSI and moving averages. It has 7 settings, for example Period RSI (default 14), DVLimit (default 0.0007) and Fast Period (default 23). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Trend Manager Trading Strategy
Forex RSI Trend Manager Trading Strategy is an indicator for MetaTrader 4 based on RSI and Moving Average. It has 7 settings, such as Period rsi, Dv limit and Fast period. MQL source code included.
Files in the download: Flat_Trend_RSI.ex4, Flat_Trend_RSI.mq4, Trend_Manager1.ex4, Trend_Manager1.mq4, installation manual.txt, RKT12.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period rsi | 14 | Number of bars in the calculation |
| Dv limit | 0.0007 | |
| Fast period | 23 | Period or timeframe used by the calculation |
| Fast price | PRICE_OPEN | |
| Slow period | 84 | Period or timeframe used by the calculation |
| Slow price | PRICE_OPEN | |
| Bar count | 1500 |
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 · Trend · Moving Average · MT4 Indicator · MQL4 Source Code