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MultiRSI Metatrader 4 Forex Indicator

    The MultiRSI forex indicator for MT4 displays multi timeframe RSI oscillators in one easy to read separate window below the main activity chart.

    The RSI fluctuates between 0 and 100. RSI values above 70 are overbought, below 30 are oversold.

    The following RSI timeframe’s can be displayed:

    1-Minute, 5-minutes, 15-minutes, 30-minutes, 1 Hour, 4 Hour and 1 day.

    Free Download

    Download the “MultiRSI.mq4” MT4 indicator

    Example Chart

    The GBP/JPY M15 chart below displays the MultiRSI forex indicator in action.

    Basic Trading Signals

    Signals from the RSI oscillator are easy to interpret and goes as follows:

    Buy Trade: Open buy order when the RSI oscillator crosses back above the 30 level from below (oversold market conditions).

    Sell Trade: Open sell order when the RSI oscillator crosses back below the 70 level from above (overbought market conditions).

    Tip: Use this indicator in conjunction with a trend-following indicator and take signals from the RSI in the direction of the overall trend.


    Download the “MultiRSI.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern

    Customization options: Variable (Select Timeframe’s, RSI Period, RSI Applied Price) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day

    Type: Oscillator


    Copy and paste the MultiRSI.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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