Rsidiv
Rsidiv is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses divergence checks and RSI. It draws arrows on the chart and can send alerts. It has 19 settings, for example RSI settings (default <<<<<< RSI Settings >>>>), RSI period (default 14) and RSI applied price (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 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 Rsidiv
Rsidiv is an indicator for MetaTrader 4 based on Divergence and 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 19 settings, such as Rsi settings, Rsi period and Rsi applied price. MQL source code included.
Files in the download: rsidiv\Indicators\RSI Divergence.ex4, rsidiv\Indicators\RSI Divergence.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi settings | <<<<<< RSI Settings >>>>>> | |
| Rsi period | 14 | Period or timeframe used by the calculation |
| Rsi applied price | 0 | |
| Indicator settings | <<<< Indicator Settings >>>> | |
| Draw indicator trend lines | true | |
| Draw price trend lines | true | |
| Display alert | true | Turn this alert on or off |
| Display classical divergences | true | |
| Display hidden divergences | true | |
| Alert settings | <<<<<< Alert Settings >>>>>> | Turn this alert on or off |
| Long colour | clrRoyalBlue | Colour on the chart |
| Short colour | clrCrimson | Colour on the chart |
| Long arrow code | 233 | |
| Short arrow code | 234 | |
| Arrow size | 2 | |
| Rsi style | <<<<<< RSI Style >>>>>> | |
| Rsi colour | clrSilver | Colour on the chart |
| Rsi style | 0 | |
| Rsi width | 2 |
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: Buy/Sell Arrows · Alerts · Divergence · RSI · MT4 Indicator · MQL4 Source Code