The All RSI Dashboard Metatrader 4 forex indicator shows RSI (Relative Strength Index) for 7 different time frames.
Originally developed by J. Welles Wilder, RSI is a very popular forex indicator that measures the speed and change of price movements.
The RSI indicator can be applied to any trading instrument (forex, stocks, indices,..).
In forex, RSI is most commonly used to identify oversold and overbought market levels.
The RSI is considered oversold when below the 30 level and overbought when above 70.
The All RSI Dashboard indicator supports the following time frames: 15-minute, 30-minute, 1-hour, 4-hour, day, week, and month.
It’s highly recommended to use the RSI indicator in agreement with a trend following indicator.
Why? RSI works well in range-bound markets but will fail in trending markets.
Trade oversold signals from RSI when the trend is upward and ignore the overbought signals.
Trade overbought signals from RSI when the trend is downward and ignore the oversold signals.
The default RSI period is set to 14 but can be changed to any value of your choice.
Free Download
Download the “all-rsi-indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD 1-Hour chart below displays the All RSI Dashboard Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the All RSI Dashboard MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when the RSI indicator crosses back above 30 from below.
Sell Signal: Open sell trade position when the RSI indicator crosses back below 70 from above.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
All RSI Dashboard + XP Moving Average Forex Strategy
This MT4 strategy combines the All RSI Dashboard MT4 indicator and the XP Moving Average MT4 indicator.
The All RSI Dashboard gives signals based on RSI levels: a buy signal occurs when the RSI crosses back above 30 from below, and a sell signal occurs when it crosses back below 70 from above.
The XP Moving Average indicator confirms trend direction with colored lines: green for bullish trends and red for bearish trends.
Combining these two indicators allows traders to enter trades in the direction of the trend after confirming momentum.
Buy Entry Rules
- The All RSI Dashboard crosses back above 30 from below, signaling a buy opportunity.
- The XP Moving Average line is green, confirming a bullish trend.
- Enter a long trade immediately after both conditions are met.
- Place a stop loss below the recent swing low or support level.
- Take profit at the next resistance level or allow the trade to run while RSI remains above 30 and the XP Moving Average line stays green.
Sell Entry Rules
- The All RSI Dashboard crosses back below 70 from above, signaling a sell opportunity.
- The XP Moving Average line is red, confirming a bearish trend.
- Enter a short trade immediately after both conditions are met.
- Place a stop loss above the recent swing high or resistance level.
- Take profit at the next support level or allow the trade to run while RSI remains below 70 and the XP Moving Average line stays red.
Advantages
- Combines momentum and trend confirmation for higher probability trades.
- Helps traders identify both entry and exit points clearly based on indicators.
- Works across multiple timeframes, allowing flexibility for day trading or swing trading.
- Reduces false entries by requiring alignment between RSI and moving average trend.
- Adaptable to different currency pairs including majors, crosses, and volatile pairs.
- Allows traders to manage trades dynamically using trend-following cues rather than fixed targets.
- Supports both short-term scalping and medium-term trend trades.
- Easy to interpret visually, making it beginner-friendly while still useful for advanced traders.
Drawbacks
- Less effective in sideways or consolidating markets where RSI frequently oscillates near thresholds.
- May produce delayed signals in very fast-moving markets, causing missed entries.
- Trades can be limited if the market is not trending, reducing overall trading opportunities.
- Profit potential is constrained if RSI signals occur late in a trend.
Example Case Study 1 (EURUSD M15 bullish trade)
On EURUSD M15, the All RSI Dashboard crossed above 30 at 1.1020 while the XP Moving Average line was green, confirming a bullish trend.
A buy trade was entered at 1.1022 with a stop loss at 1.1005.
Price moved steadily higher and the trade was closed near the next resistance at 1.1055, capturing 33 pips.
Example Case Study 2 (GBPUSD H1 bearish trade)
On GBPUSD H1, the All RSI Dashboard crossed below 70 at 1.2658 and the XP Moving Average line was red, confirming a bearish trend.
A short trade was entered at 1.2656 with a stop loss at 1.2675.
Price declined to the next support level at 1.2628, capturing 28 pips before showing signs of reversal.
Strategy Tips
- Always confirm that both the RSI and XP Moving Average indicate the same trend before entering a trade.
- Adjust stop loss placement according to recent swing points rather than fixed distances for better risk management.
- Use partial profit-taking when price reaches key support or resistance levels and trail stops for the remaining position.
- Keep a trading journal to track which currency pairs perform best with this strategy and refine your entries.
- Wait for a clear candle close above/below the RSI threshold and moving average confirmation to prevent premature entries.
- Do not enter trades if indicators are giving conflicting signals; patience improves overall trade quality.
- Backtest the strategy on different pairs and timeframes to identify the most profitable setups for your trading style.
Download Now
Download the “all-rsi-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (RSI period, Applied price, Show higher time frames, Bars per time frame) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: momentum
