Ind Div Peak Trough RSI SW V1
Ind Div Peak Trough RSI SW V1 — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to the RSI oscillator (overbought / oversold zones) and divergence between price and an oscillator. This copy is version 1. Its source code uses RSI. It draws arrows on the chart. It has 13 settings, for example RSIPeriod (default 14), RSIPrice (default 0) and r Left Bars (default 2). 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 · Free
About Ind Div Peak Trough RSI SW V1
Ind Div Peak Trough RSI SW V1 is an indicator for MetaTrader 4 based on RSI. It draws buy and sell arrows on the chart. It has 13 settings, such as Rsi period, Rsi price and Extr left bars. MQL source code included.
Files in the download: ind_DivPeakTroughRSI_SW_v1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 14 | Period or timeframe used by the calculation |
| Rsi price | 0 | 0-Close, 1-Open, 2-High, 3-Low, 4-Median, 5-Typical, 6-Weighted |
| Extr left bars | 2 | |
| Extr right bars | 1 | |
| Plus sens | 1 | |
| Minus sens | -1 | |
| Draw lines sw | true | |
| Draw lines ch w | true | |
| Col peak 1 | Red | |
| Col peak 2 | DeepPink | |
| Col trough 1 | LimeGreen | |
| Col trough 2 | YellowGreen | |
| Short name | DPTRSI |
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