The RSI Triple Stochastic Signals MT4 indicator is an awesome buy/sell signals indicator that is based on RSI and a triple Stochastic technical indicator.
The indicator fluctuates between two extreme values, 28 and -28, with a filtered no-signal gray zone in between. This zone will reduce false signals significantly.
- A buy signal occurs when the indicator draws a blue bar above the gray no-trade zone.
- A sell signal occurs when the indicator draws a red bar below the gray no-trade zone.
The RSI Triple Stochastic Signals MT4 indicator works for scalping, day trading, and swing trading purposes.
For scalping and day trading, put the indicator to work in the London and New York trading sessions.
All indicator parameters can be fully modified from the indicator’s input menu.
Feel free to experiment with its values.
Free Download
Download the “RSI HistoTripleStoch.mq4” MT4 indicator
Indicator Chart (USD/JPY H4)
The USD/JPY 4-Hour chart below displays the RSI Triple Stochastic Signals Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the RSI Triple Stochastic Signals MT4 indicator are easy to interpret and go as follows:
Buy Signal: Buy the forex pair when the RSI Triple Stochastic Signals MT4 indicator draws the first blue bar above the gray zone. Place a stop-loss below support.
Sell Signal: Sell the forex pair when the RSI Triple Stochastic Signals MT4 indicator draws the first red bar below the gray zone. Place a stop-loss above resistance.
Trade Exit: Use your own method of trade exit.
MT4 RSI‑Triple Stochastic Signals + SuperTrend Scalping Strategy
This strategy uses the RSI Triple Stochastic Signals MT4 Indicator along with the Non‑Repainting SuperTrend MT4 Indicator.
The stochastic / RSI‑based indicator gives a clear “buy” when a blue bar appears above the no‑trade zone and a “sell” when a red bar appears below.
The SuperTrend acts as a trend filter using a color-coded dotted line: when the line is blue, it indicates a bullish trend, when red, it indicates a bearish trend.
By combining momentum (via the stochastic/RSI) with trend direction (SuperTrend), the strategy aims to catch high‑probability scalping setups on short timeframes such as M1 and M5.
Buy Entry Rules
- SuperTrend dotted line must be blue, signaling an uptrend.
- The RSI‑Triple Stochastic indicator must show a blue bar (above the no‑trade zone), signaling bullish momentum.
- Enter long at the open of the next candle after the blue bar appears while SuperTrend remains blue.
- Place a stop loss a few pips below the most recent swing low or below a nearby support zone.
- Set take profit at 1.5 to 2 times the stop‑loss distance, or exit when either the SuperTrend line turns red, or the stochastic indicator flips to a red bar (sell signal).
Sell Entry Rules
- SuperTrend dotted line must be red, indicating a downtrend.
- The RSI‑Triple Stochastic indicator must show a red bar (below the no‑trade zone), signaling bearish momentum.
- Enter short at the open of the next candle after the red bar appears while SuperTrend stays red.
- Place a stop loss a few pips above the most recent swing high or above a nearby resistance zone.
- Set take profit at 1.5 to 2 times the stop‑loss distance, or exit when SuperTrend turns blue, or the stochastic indicator shows a blue bar (buy signal).
Advantages
- The combination of momentum and trend helps filter out weak or false signals, increasing the probability of success.
- Works well on small timeframes (M1, M5), ideal for scalpers who want many trade opportunities per session.
- Defined stop‑loss and take‑profit rules help keep risk under control and support consistent trade management.
- Because SuperTrend adjusts for volatility via ATR, the strategy adapts to changing market conditions rather than relying on static thresholds.
- Combining a trend filter with a momentum signal reduces the chance of entering counter‑trend trades or signals during market noise.
Drawbacks
- Because timeframes are short, small spikes or spread‑related noise may trigger stop loss before the move develops fully.
- The strategy depends heavily on indicator alignment; when one indicator lags, signals may come too late or at sub‑optimal prices, reducing profit potential.
Case Study 1
On EURUSD M1 during a London session, the SuperTrend line was blue, indicating a bullish trend.
The RSI‑Triple Stochastic indicator showed a blue bar above the no‑trade zone right after a minor pullback.
The trader entered long at the next candle with a stop loss 6 pips below the recent swing low.
Price then surged steadily and reached a 12‑pip take profit within 10 minutes.
SuperTrend remained blue and stochastic stayed bullish for the duration of the move, resulting in a clean scalp.
Case Study 2
On GBPUSD M5 during early New York hours, the SuperTrend dotted line turned red after a retracement, signaling a bearish trend.
The stochastic indicator then formed a red bar below the no‑trade zone.
The trader entered short at the next candle with a stop loss 8 pips above the recent swing high and a take profit 16 pips below.
Over the next 18 minutes, the price dropped sharply and hit the take profit.
The SuperTrend stayed red, and the momentum remained bearish, validating the trade.
Other Strategy Tips
- Focus on major and liquid currency pairs such as EURUSD, GBPUSD, USDJPY, or AUDUSD to reduce spreads and slippage.
- Avoid trading in flat or consolidating markets; wait for a clear trend and proper alignment of signals before entering.
- Check higher timeframe charts (H1 or H4) to confirm overall market direction and avoid trading against the longer-term trend.
- Combine entries with nearby support and resistance levels to improve risk/reward and reduce the chance of whipsaws.
- Use smaller position sizes due to the frequent trades and fast moves in scalping to manage risk effectively.
- Test the strategy on a demo account across multiple pairs and sessions to understand performance and identify the best setups.
Download Now
Download the “RSI HistoTripleStoch.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (RSI variables, alerts, triple Stochastic, divergence) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: signals
