DT RSI Forex Signal Indicator (MT4)

DT RSI Forex Signal is a free custom mt4 indicator that displays overbought & oversold market conditions based on the RSI indicator with 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

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.