Forex Wajdyss RSI Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Wajdyss RSI Indicator. 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 and can send alerts. It has 11 settings, for example RSI Period (default 14), RSI Apply to (default 0) and RSI 1st Level (default 70). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Wajdyss RSI Indicator
Forex Wajdyss RSI Indicator is an indicator for MetaTrader 4 based on RSI. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 11 settings, such as Rsi period, Rsi apply to and Rsi 1st level. MQL source code included.
Files in the download: installation manual.txt, WAJDYSS_RSI_indicator_v1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 14 | Period or timeframe used by the calculation |
| Rsi apply to | 0 | |
| Rsi 1st level | 70 | |
| Rsi 2nd level | 50 | |
| Rsi 3rd level | 30 | |
| Pips | 20 | |
| Alert | true | Turn this alert on or off |
| Text color1 | White | Colour on the chart |
| Text color2 | Yellow | Colour on the chart |
| Text color3 | Aqua | Colour on the chart |
| Text color4 | Red | Colour on the chart |
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 · MT4 Indicator · MQL4 Source Code