Forex Smoothed RSI Inverse Fisher Indicator
From the Old Kings archive: Forex Smoothed RSI Inverse Fisher Indicator, an indicator for MetaTrader 4. Its name points to the RSI oscillator (overbought / oversold zones). In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 13 settings, for example list MA (default 1, 2, 3, 5, 8, 13, 21, 3), 02 (default MA to check SORT DEGREE) and MAcheck (default 8). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Smoothed RSI Inverse Fisher Indicator
Forex Smoothed RSI Inverse Fisher Indicator is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 13 settings, such as List ma, 02 and M acheck. MQL source code included.
Files in the download: installation manual.txt, madnessMA.mq4, SVE_RSI_I-Fish.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| List ma | 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, | |
| 02 | MA to check SORT DEGREE | |
| M acheck | 8 | |
| 10 | MA sort type | |
| M amethod | 1 | iMA moving average method: |
| Rsi period | 4 | Period or timeframe used by the calculation |
| Ema period | 4 | Period or timeframe used by the calculation |
| Alert candle | 1 | Turn this alert on or off |
| Alert level up | 12 | Turn this alert on or off |
| Alert level down | 88 | Turn this alert on or off |
| Show chart alerts | false | Turn this alert on or off |
| Alert email subject | Turn this alert on or off | |
| Bar count | 500 |
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 · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code