Flat Trend RSI for MT4 (Metatrader 4) is a no-repaint Forex trend indicator that consists of RSI trends and a digital filter.
The default RSI period is set to 14 (feel free to experiment with this value).
The indicator pops up in a separate MT4 chart window as blue and red colored trend bars that appear above and below the 0.00 neutral level.
Buy & Sell Trade Example
- A new buy position should be opened as soon as the first blue trend bar gets displayed on the chart.
- A new sell position should be opened as soon as the first red trend bar gets displayed on the chart.
The Flat Trend RSI indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors, and exotics) and shows promising results when used correctly.
Free Download
Download the “Flat_Trend_RSI.ex4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Flat Trend RSI mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Flat Trend RSI Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend + RSI
Does the indicator repaint? No.
Flat Trend RSI + MBFX Timing MT4 Forex Strategy
The Flat Trend RSI + MBFX Timing MT4 strategy is designed for traders who want clear, high-probability intraday entries.
It combines the Flat Trend RSI Indicator, which highlights momentum shifts with color-coded histogram bars, and the MBFX Forex Timing Indicator.
This indicator plots a smooth green or orange line in a subwindow to reveal optimal timing.
By aligning momentum with timing, the strategy provides straightforward buy and sell signals that work especially well on the 5-minute, 15-minute, and 30-minute charts during the London and
New York sessions.
Buy Entry Rules
- Wait until the Flat Trend RSI prints blue histogram bars (bullish momentum).
- Confirm that the MBFX Timing line has turned green in the subchart at the close of the candle.
- Enter a buy trade at the close of that candle.
- Place a stop loss a few pips below the latest swing low.
- Set take profit at around 1.5:1 risk-reward or at the next intraday resistance zone (rather than a fixed 2:1 target).
Sell Entry Rules
- Wait until the Flat Trend RSI prints red histogram bars (bearish momentum).
- Confirm that the MBFX Timing line has turned orange in the subchart at the close of the candle.
- Enter a sell trade at the close of that candle.
- Place a stop loss a few pips above the latest swing high.
- Set take profit at approximately 1.5:1 risk-reward or the next intraday support zone.
Advantages
- Combines momentum with timing for higher quality signals.
- Visual and easy to interpret, even for beginners.
- Flexible profit targets allow adaptation to market conditions.
- Effective during major sessions (London/New York).
Drawbacks
- Whipsaws are possible in low volatility conditions.
- Profit targets are not fixed, requiring some discretion.
- Not designed for long-term holding; best for day trades.
Case Study 1: EUR/USD on 15-Minute Chart
During the London session, the Flat Trend RSI printed blue histogram bars, and the MBFX Timing line turned green near 1.0920.
A buy was taken at 1.0922.
Stop loss was placed at 1.0910 (12 pips risk).
Because the price was near a minor resistance at 1.0942, the take profit was set at 1.0940 for an 18-pip target.
Price rose and hit the target within the session, netting +18 pips.
Case Study 2: GBP/USD on 5-Minute Chart
In the New York session, the Flat Trend RSI showed red histogram bars while the MBFX Timing line turned orange near 1.2785.
A sell order was placed at 1.2783.
The swing high was at 1.2792, so the stop loss was at 1.2794 (11 pips risk).
Because the next support zone was at 1.2768, the take profit was set there for a +15 pip gain.
Price moved downward and reached the target smoothly.
Strategy Tips
- Check higher timeframes to ensure overall trend direction before entering.
- Adjust take profit according to nearby support/resistance instead of fixed pip goals.
- Avoid trading right before major news releases.
- Use consistent position sizing to keep risk per trade stable.
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Download the “Flat_Trend_RSI.ex4” indicator for Metatrader 4
