Ind RSI Colored V1
This Old Kings indicator for MetaTrader 4 is called Ind RSI Colored V1. Judging by its name, it is built around the RSI oscillator (overbought / oversold zones). The file name marks it as version 1. It has 7 settings, for example RSIPeriod (default 14), RSIPrice (default 0) and r Left Bars (default 2). 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 · Free
About Ind RSI Colored V1
Ind RSI Colored V1 is an indicator for MetaTrader 4. It has 7 settings, such as Rsi period, Rsi price and Extr left bars. MQL source code included.
Files in the download: ind_RSIColored_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 | 0.0001 | |
| Minus sens | -0.0001 | |
| 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 · MT4 Indicator · MQL4 Source Code