RSI with Trend Catcher Signal for Metatrader 4 is a signal indicator that works with the Relative Strength Index and the Trend Catcher.
The indicator appears in a bottom chart window in the form of an easy-to-follow buy/sell technical oscillator.
It’s a beginner-friendly trading indicator!
Buy & Sell Trade Example
- The start of the green signal line is the buy entry signal.
- The start of the red signal line is the sell entry signal.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
It can also be used as an additional signal indicator that works together with an existing trading strategy or system of your preference.
Free Download
Download the “Rsi with trend catcher signal.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the RSI with Trend Catcher Signal mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method when trading with the RSI with Trend Catcher Signal indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: RSI
Repaint? No.
RSI‑Trend‑Catcher + EMA Trend Forex Intraday Strategy
This intraday strategy pairs the RSI with Trend Catcher Signal Indicator MT4 and the EMA Trend Forex Indicator MT4.
It is designed for traders looking to enter short to medium intraday moves (for example, on 15‑minute, 30-minute, or 1‑hour charts) with a trend‑based filter and a precise entry trigger.
How It Works
The RSI‑Trend‑Catcher indicator displays a signal line that changes color: when the line turns green, it marks the start of a buy entry opportunity; when the line turns red, it marks the start of a sell entry opportunity.
Meanwhile, the EMA Trend indicator tracks multiple exponential moving averages (commonly 4 EMAs) and indicates trend direction:
When the price closes above all four EMAs, this suggests a bullish trend; when the price closes below all four EMAs, this suggests a bearish trend.
Using both together means you only enter when both a fresh signal appears and the broader trend agrees.
Buy Entry Rules
- The RSI Trend Catcher indicator displays a green signal line start (entry trigger).
- The price closes above all 4 EMAs (EMA Trend indicator), confirming a bullish trend.
- Enter a buy trade at the open of the next candle following both conditions.
- Stop loss: place below the most recent swing low, for example, 15‑30 pips, depending on pair and timeframe.
- Take profit: Fixed target of approximately 2× risk (e.g., risk 20 pips → target 40 pips).
- Or exit when the RSI‑Trend‑Catcher line turns red or the price closes below all EMAs (trend change). Choose whichever happens first.
Sell Entry Rules
- The RSI‑Trend‑Catcher indicator displays a red signal line start.
- The price closes below all 4 EMAs, confirming a bearish trend.
- Enter a sell trade at the opening of the next candle after both conditions are met.
- Stop loss: place above the recent swing high (or above the candle that triggered). For example, 15‑30 pips depending on pair/timeframe.
- Take profit: Fixed target approximately 2× risk.
- OR exit when the RSI line turns green or price closes above all EMAs — whichever happens first.
Advantages
- Combines precise entry trigger (RSI‑Trend‑Catcher) with a robust trend filter (EMA Trend) so you trade with the trend, not against it.
- Entry signals are clearly defined, reducing hesitation or ambiguity.
- The optional exit rule (trend change or fixed target) allows flexibility — you capture strong moves but limit risk when the trend reverses.
- Suitable for intraday charts (15 m, 30 m, 1 h), so you can execute multiple trades during active sessions.
Drawbacks
- Requires quick decisions and monitoring; missed execution reduces effectiveness.
- Fixed targets may limit profits in strong trends.
- Sudden news events can trigger stop losses or reversals.
Example Case Studies
Case Study 1 – EUR/USD 30‑Minute Chart
On the EUR/USD 30‑minute chart, the RSI‑Trend‑Catcher displayed the green line starting at around 1.1050, and concurrently, the price had just closed above all four EMAs.
A buy trade was entered at 1.1052 with a stop loss at 1.1032 (20 pips risk).
Using a take profit (2× risk), the target was set at 1.1092 (40 pips).
The trade reached the target within 3 hours, capturing 40 pips.
Case Study 2 – GBP/CHF 1‑Hour Chart
On GBP/CHF, the trend had been bearish.
The RSI‑Trend‑Catcher turned red at about 1.2340 while the price closed below all four EMAs, confirming a downtrend.
A sell trade was opened at 1.2338 with a stop loss at 1.2368 (30 pips risk).
The trade was monitored and exited when the RSI line turned green (indicating signal‑change) rather than waiting for the full target.
The exit occurred at 1.2298, capturing 40 pips (1.33× risk) in about 4 hours.
Strategy Tips
- Trade liquid pairs with tight spreads.
- Focus on high-volume sessions (London/New York).
- Avoid trades before major news releases.
- Adjust stop-loss and take-profit to match volatility.
- Keep a trade journal to track performance.
- Skip trades if EMAs are flat or the market is ranging.
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Download the “Rsi with trend catcher signal.mq4” indicator for Metatrader 4
