RSI Extreme Binary System
From the Old Kings archive: RSI Extreme Binary System, an indicator for MetaTrader 4. Its name points to the RSI oscillator (overbought / oversold zones). In the code it works with moving averages and ATR. It can send alerts and can read another timeframe. It has 26 settings, for example Number Of Days (default 50), Asia Begin (default 01:00) and Asia End (default 10:00). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 8 indicator files 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 RSI Extreme Binary System
RSI Extreme Binary System is an indicator for MetaTrader 4 based on Moving Average and ATR. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 26 settings, such as Number of days, Asia begin and Asia end. MQL source code included.
Files in the download: FXProSystems - best Trading Systems and Indicators.url, Extreme RSI.ex4, i-Sessions.ex4, i-Sessions.mq4, Price Border.mq4, Zee Zee i.ex4, Zee Zee i.mq4, zigzag_hist.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Number of days | 50 | |
| Asia begin | 01:00 | Hour when trading starts (server time) |
| Asia end | 10:00 | |
| Asia color | Goldenrod | Colour on the chart |
| Eur begin | 07:00 | Hour when trading starts (server time) |
| Eur end | 16:00 | |
| Eur color | Tan | Colour on the chart |
| Usa begin | 14:00 | Hour when trading starts (server time) |
| Usa end | 23:00 | |
| Usa color | PaleGreen | Colour on the chart |
| Time frame | All tf | Period or timeframe used by the calculation |
| Half length | 61 | |
| Price | 0 | |
| Atr multiplier | 2.6 | How much the lot size grows after a loss |
| Atr period | 110 | Period or timeframe used by the calculation |
| Interpolate | TRUE | |
| Alerts on | FALSE | Turn this alert on or off |
| Alerts on current | FALSE | Turn this alert on or off |
| Alerts on high low | FALSE | Turn this alert on or off |
| Alerts message | FALSE | Turn this alert on or off |
| Alerts sound | FALSE | Turn this alert on or off |
| Alerts email | FALSE | Turn this alert on or off |
| Cci period | 14 | Period or timeframe used by the calculation |
| Depth | 12 | Depth |
| Deviation | 5 | Deviation |
| Backstep | 3 | Backstep |
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 · Binary Options · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code