Forex Step RSI Indicator 1
Forex Step RSI Indicator 1 — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones). Its source code uses RSI and moving averages. It has 5 settings, for example RSIPeriod (default 14), Step Size (default 5) and MAPeriod (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Step RSI Indicator 1
Forex Step RSI Indicator 1 is an indicator for MetaTrader 4 based on RSI and Moving Average. It has 5 settings, such as Rsi period, Step size and Ma period. MQL source code included.
Files in the download: installation manual.txt, StepRSI_v5_2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 14 | Period or timeframe used by the calculation |
| Step size | 5 | Distance between orders |
| Ma period | 1 | Period or timeframe used by the calculation |
| Price | 0 | |
| Mode | 1 |
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