The SMA of RSX Forex oscillator for MT4 (Metatrader 4) is a custom-built momentum trend oscillator that works great for beginner traders.
The indicator appears in a separate MT4 chart window as an oscillator that swings between the 0 and 100 extreme borders.
The 50 level is considered the neutral level.
Buying and selling currency pairs with the SMA of RSX indicator is easy, even for beginner traders.
Buy & Sell Trade Example
- Initiate a buy order when the SMA of RSX oscillator crosses the 50 level bottom-up.
- Initiate a sell order when the SMA of RSX oscillator crosses the 50 level top-down.
- Reverse the position whenever an opposite signal occurs on the chart.
The SMA of RSX indicator can be used for both trade entry and exit or mixed together with your own favorite trading strategy for improved performance.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “Ma of Rsx.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The picture below shows the SMA of RSX mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the SMA of RSX 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
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Repaint? No.
SMA of RSX + SuperTrend MTF Forex Scalping Strategy for MT4
This scalping strategy combines the SMA of RSX Forex Indicator for MT4 with the SuperTrend MTF Forex Signal Indicator for MT4.
Together, they create a precise short-term setup ideal for traders who prefer fast-paced scalping on the M5 and M15 charts.
The SMA of RSX detects early momentum reversals, while the SuperTrend MTF confirms trend direction across multiple time frames.
This combination gives clear visual entries with stronger confirmation and less noise.
Why This Strategy Works
The SMA of RSX works as a momentum filter, signaling shifts in strength when its line crosses the 50 level.
The SuperTrend MTF verifies the overall market direction, allowing traders to enter only when both momentum and trend agree.
This multi-confirmation approach increases accuracy and minimizes false entries that occur during choppy periods.
Buy Entry Rules
- Wait for the SMA of RSX line to move back above the 50 level, showing bullish momentum.
- Confirm that the SuperTrend MTF line is green, indicating an active buy trend.
- Enter a buy trade at the open of the next candle after both signals align.
- Set the stop loss 10 to 15 pips below the latest swing low.
- Take profit after 15 to 25 pips or near the next resistance zone.
Sell Entry Rules
- Wait for the SMA of RSX line to fall back below the 50 level, confirming bearish momentum.
- Ensure that the SuperTrend MTF line is red, confirming a sell trend.
- Enter a sell trade at the open of the next candle after both signals align.
- Place the stop loss 10 to 15 pips above the latest swing high.
- Take profit after 15 to 25 pips or near the next support area.
Advantages
- Easy to follow visual signals suitable for beginners and experienced scalpers.
- Accurate trend confirmation using two independent tools.
- Works effectively on most major currency pairs.
- Provides quick trade setups with a good reward-to-risk ratio.
- Reduces false entries through momentum and trend alignment.
Drawbacks
- Less effective during sideways or low-volume markets.
- Requires quick execution and attention on lower timeframes.
- Can produce several signals in volatile sessions, increasing trading frequency.
Case Study 1 – EUR/USD M5
During the early London session, EUR/USD showed a clean bullish alignment.
The SMA of RSX crossed above 50, and the SuperTrend MTF switched to green.
A buy trade at 1.0865 with a stop loss at 1.0850 reached the 1.0890 target within 25 minutes, earning 25 pips.
The setup demonstrated how this combination captures quick, impulsive moves when momentum and trend align perfectly.
Case Study 2 – GBP/JPY M15
In the London–Tokyo overlap, GBP/JPY presented a bearish setup.
The SMA of RSX dropped below 50 while the SuperTrend MTF turned red.
A short entry was taken at 188.45 with a stop at 188.60 and a target at 188.10.
The trade hit the take profit level in under 20 minutes, yielding 35 pips.
This example shows how the method handles volatile pairs effectively.
Strategy Tips
- Use this method on high-liquidity pairs such as EUR/USD, GBP/USD, and USD/JPY.
- Trade only when both indicators clearly agree on direction.
- Avoid entering during news events or low-volume sessions.
- Consider using a trailing stop once the trade moves 15 pips in profit.
- Backtest the system on different timeframes to find your optimal setup.
