DT RSI Forex Signal is a free custom mt4 indicator that displays overbought & oversold market conditions based on the RSI indicator with a filter.
The indicator appears in a separate MT4 chart window and uses the 20 (oversold) and 80 (overbought) extreme readings.
Finding interesting buy and sell trade opportunities is easy with this indicator:
- Open a buy trade as soon the RSI value falls below 20 and the overall trend is upwards.
- Open a sell trade as soon as the RSI value rises above 80 and the overall trend is downwards.
The DT RSI Signal 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 exotic) and shows promising results if used correctly.
Free Download
Download the “dt-rsi-sig-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the DT RSI Sig mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the DT RSI Signal 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: RSI
Does the indicator repaint? No.
DT RSI Signal + German Sniper MT4 Strategy
This MT4 trading strategy combines the DT RSI Signal Indicator and the German Sniper Indicator to identify high-probability entry and exit points.
DT RSI Signal detects overbought and oversold conditions with visual arrows, while German Sniper confirms breakout momentum and direction.
This blend works well on intraday timeframes (M5–M30) for scalpers and short-term traders who want clear signals with defined risk.
Buy Entry Rules
- The German Sniper signals a smart buy trade.
- The DT RSI Signal indicator crosses above the 50 level from below.
- Enter long at the open of the next candle.
- Stop Loss: Place 15–25 pips below the most recent swing low.
- Take Profit: Target 30–50 pips or exit at the opposite DT RSI Signal arrow.
Sell Entry Rules
- The German Sniper signals a smart sell trade.
- The DT RSI Signal indicator crosses below the 50 level from above.
- Enter short at the open of the next candle.
- Stop Loss: Place 15–25 pips above the most recent swing high.
- Take Profit: Target 30–50 pips or exit at the opposite DT RSI Signal arrow.
Advantages
- Combines momentum confirmation with overbought/oversold signals.
- Works well on short timeframes (M5–M30) for intraday trading.
- Clear signals and lines make it easy for beginners to follow.
Drawbacks
- In very low-volatility conditions, signals may be choppy.
- Needs proper risk management during news releases.
- Best performance requires backtesting for each currency pair/timeframe.
Case Study 1: EUR/JPY (M15)
On the EUR/JPY M15 chart, the DT RSI Signal crossed above the 50 level at 162.40 while the German Sniper indicator signaled a buy trade.
A buy order was placed at 162.42 with a 20-pip stop loss. The pair rallied to 162.95 within 2 hours, netting +53 pips.
Case Study 2: GBP/AUD (M5)
On the GBP/AUD M5 chart, a red DT RSI Signal crossed below the 50 level at 1.9550, confirmed by a bearish German Sniper signal.
A short trade was opened at 1.9548 with a 25-pip stop. Price dropped to 1.9490 in 30 minutes, capturing +58 pips quickly.
Strategy Tips
- Always trade during active sessions (London/New York) for stronger moves.
- Combine with a higher timeframe trend check (H1) to avoid countertrend trades.
- Trail your stop loss once the price has moved in your favor by 20 pips.
- Avoid entries immediately before major economic news to reduce whipsaws.
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Download the “dt-rsi-sig-indicator.mq4” indicator for Metatrader 4
