The RSI Signal forex MT4 indicator is a buy/sell indicator based on moving averages and RSI.
The indicator can be used in various ways and has a lot of options for customization.
The RSI Signal indicator displays a histogram with green and red bars on it, green bars for bullish price movement and red bars for bearish price movement.
Scalpers, day traders, swing traders and position traders can benefit from this indicator.
Free Download
Download the “RSISignal.mq4” MT4 indicator
Indicator Chart (EUR/USD M15)
The EUR/USD M15 chart below displays the RSI Signals forex indicator in action.
Basic Trading Signals
The RSI Signals indicator can be used in various ways, please take a look at the indicator’s input tab for more information.
I will show you the most easy way to start trading with this indicator:
Buy Trade: Open buy trade when green bars form above the 0.00 level
Sell Trade: Open sell trade when red bars appear below the 0.00 level
Exit Trade: Exit an open trade at an opposite signal or use your own preferred exit method
Download Now
Download the “RSISignal.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (RSI1 Period, RSI2 Period, RSI3 Period, RSI Price, Overbought Level, Oversold Level, MA1 Period, MA2 Period, RSI Lines, Histograms, Arrows, Alerts) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Signals | Oscillator
