About the All RSI Dashboard Indicator
The All RSI Dashboard indicator for MT4 provides a clear view of the Relative Strength Index (RSI) across 7 different timeframes: 15-minute, 30-minute, 1-hour, 4-hour, daily, weekly, and monthly.
RSI, originally developed by J. Welles Wilder, measures the speed and change of price movements and is widely used to identify overbought and oversold market conditions.
RSI readings below 30 indicate oversold conditions, while readings above 70 indicate overbought conditions.
By monitoring multiple timeframes simultaneously, the dashboard allows for a quick assessment of potential trade opportunities and overall market momentum.
To improve accuracy, use the All RSI Dashboard alongside a trend-following indicator.
In an upward trend, focus on oversold signals and ignore overbought ones.
In a downward trend, focus on overbought signals and ignore oversold ones.
The default RSI period is 14 but can be adjusted to suit your trading approach.
Free Download
Download the “all-rsi-indicator.mq4” MT4 indicator
Key Features
- Displays RSI values for 7 timeframes in a single dashboard.
- Highlights overbought (above 70) and oversold (below 30) conditions.
- Supports 15-minute, 30-minute, 1-hour, 4-hour, daily, weekly, and monthly charts.
- Helps identify market momentum across multiple timeframes quickly.
- Can be combined with trend-following indicators for higher accuracy.
Indicator Chart
The All RSI Dashboard chart shows individual RSI readings for each timeframe.
Blue or green bars highlight oversold conditions, while red bars highlight overbought conditions.
This allows you to quickly spot potential reversals or trend continuation opportunities at a glance.
Guide to Trade with the All RSI Dashboard Indicator
Buy Rules
- Ensure the overall trend is upward using a trend-following indicator.
- Identify RSI readings below 30 on your preferred timeframe.
- Open a buy trade when oversold signals align with the trend direction.
- Ignore oversold signals if the overall trend is downward.
Sell Rules
- Ensure the overall trend is downward using a trend-following indicator.
- Identify RSI readings above 70 on your preferred timeframe.
- Open a sell trade when overbought signals align with the trend direction.
- Ignore overbought signals if the overall trend is upward.
Stop Loss
- For buy trades, place the stop-loss slightly below the nearest support level or swing low.
- For sell trades, place the stop-loss slightly above the nearest resistance level or swing high.
Take Profit
- Close buy trades when the RSI reaches overbought territory or reverses below 70.
- Close sell trades when the RSI reaches oversold territory or rises above 30.
- Optionally, set a fixed profit target based on your preferred risk-reward ratio.
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
FAQ
Can this indicator be used on all currency pairs?
Yes, it works across any currency pair, as well as stocks or indices, providing a multi-timeframe view of RSI levels.
How do I handle mixed RSI signals across timeframes?
If some timeframes are overbought while others are oversold, focus on signals that align with the dominant trend for higher probability setups.
Is it necessary to use a trend-following indicator?
While RSI alone can show overbought or oversold conditions, combining it with a trend-following tool improves signal reliability, especially in strongly trending markets.
Can I adjust the RSI period?
Yes, the default period is 14, but you can change it in the inputs tab to suit your preferred strategy or timeframe.
Summary
The All RSI Dashboard indicator for MT4 gives Forex traders a complete overview of RSI momentum across multiple timeframes.
Oversold and overbought signals are displayed clearly, allowing quick identification of potential reversals and trend continuation setups.
This tool is ideal for anyone who wants to monitor market conditions without checking multiple charts.
Combining RSI signals with trend direction helps make informed decisions and manage trades efficiently.
Traders can track trend alignment, detect potential turning points early, and plan entries and exits with greater confidence.
