Step RSI V2
Step RSI V2 is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to the RSI oscillator (overbought / oversold zones). This copy is version 2. Its source code uses RSI. It has 3 settings, for example Period RSI (default 14), Step Size Fast (default 5) and Step Size Slow (default 15). 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 · v2 · Free
About Step RSI V2
Step RSI V2 is an indicator for MetaTrader 4 based on RSI. It has 3 settings, such as Period rsi, Step size fast and Step size slow. MQL source code included.
Files in the download: StepRSI_v2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period rsi | 14 | Number of bars in the calculation |
| Step size fast | 5 | Distance between orders |
| Step size slow | 15 | Distance between orders |
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