MTF RSI2
This Old Kings indicator for MetaTrader 4 is called MTF RSI2. Judging by its name, it is built around several timeframes at once. In the code it works with RSI. It can read another timeframe. It has 3 settings, for example Time Frame (default 15), RSIperiod (default 14) and applied price (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 MTF RSI2
MTF RSI2 is an indicator for MetaTrader 4 based on RSI. It can show data from another timeframe (MTF). It has 3 settings, such as Time frame, Rs iperiod and Applied price. MQL source code included.
Files in the download: #MTF_RSI2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 15 | Period or timeframe used by the calculation |
| Rs iperiod | 14 | Period or timeframe used by the calculation |
| Applied price | 0 |
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: Multi-Timeframe (MTF) · RSI · MT4 Indicator · MQL4 Source Code