Trybask Turkish Lira Index
Back to products
Hi Lo Range Oscillator
MT4
Watch video
Click to enlarge

Advanced RSI

The Advanced RSI indicator for MT4 displays multiple RSI readings of different timeframes on a single chart. With its easy-to-read visual display and its ability to identify potential entry and exit points, the Advanced MTF RSI Indicator is a must-have for any trader looking to make the most of their trading.

Indicator Type

,

Trading Style

,

,

Timeframe

,

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 36

Download now
Description

The Advanced RSI indicator for MT4 is one of the most advanced versions of the traditional RSI indicator. Unlike the regular RSI, which only displays trend information for a single time frame, the Advanced RSI allows traders to view the RSI reading across multiple timeframes simultaneously.

Therefore, this RSI version displays the RSI reading of multiple timeframes on a single price chart. Besides, it is designed to simultaneously display the RSI reading of multiple timeframes with different colors for easy readability and identification. Thus, it reduces the stress of switching between different timeframes to assess the RSI reading.

Features of the Advanced RSI Indicator for MT4

The indicator is built with different colors of lines that oscillate below the main chart. Each line represents the RSI reading for a particular time frame. For example, the white, green, and yellow lines represent the RSI reading for the H1, H4, and D1 timeframes, respectively.

The indicator primarily helps traders identify the trend condition of an instrument. It shows when the RSI is swinging to the upside or downside, which suggests bullish and bearish strength, respectively.  So, for instance, if the green line moves continually to the upside, it implies that the RSI is bullish on the H4 timeframe, which suggests a potential up trend.

Benefits of Using the Indicator

  • Improves Accuracy: The indicator helps traders to identify and compare the market trend conditions across different timeframes, especially from the higher timeframe perspective. This helps to reduce the likelihood of false signals.
  • Time Efficiency: The indicator helps traders view the RSI reading of multiple time frames at a glance without switching between individual timeframes. This saves time and enhances quick decision-making.

Indicator Settings Description

The indicator comes with the following customizable settings:

RSIPeriod: Determines the period for RSI calculation.

RSIPrice: Defines the price for RSI calculation.

ShowRSI_M1 to M10080: Enables/Disables the display of RSI reading on the M1 through the W1 timeframes.

M1 to M10080_Color: Determines the individual colors to display the RSI reading on the M1 through the W1 timeframes.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Advanced RSI”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Wave Trend Oscillator

The Wave Trend Oscillator Indicator is a popular and free Forex indicator for MT4 that is useful for both novice and experienced traders. This indicator is designed to detect the trend and momentum of the market and provide traders with a visual representation of the trend direction. It then plots the waves on a chart and provides traders with a signal when the trend has reversed or is about to reverse. This indicator is also customizable, allowing traders to adjust the sensitivity of the indicator to their own trading style. With the Wave Trend Oscillator Indicator, traders can easily identify the trend of the market and make informed trading decisions.
MT4
Quick view
Add to wishlist

3 Color MACD

,
The 3 Color MACD Indicator is a useful forex trading tool that is available for free on MT4. This popular indicator uses Moving Average Convergence Divergence (MACD) to help traders identify market trends and potential entry/exit points. The indicator is easy to use and can be applied to any currency pair or timeframe. It is ideal for both novice and experienced traders who want to enhance their trading strategy with a reliable technical indicator.
MT4
Quick view
Add to wishlist

MACD 2 Line

Updated and improved MACD 2 Line indicator with 2 lines and multicolor histogram. Best for trend based forex traders. Simple crossover based buy and sell entry and exit signals. Measure trend and anticipate reversals. Download NOW and improve your trading performance.  
MT4
Quick view
Add to wishlist

MACD 4C

,
The MACD 4C Indicator for MT4 is a customized MACD. The indicator detects the trend and momentum of a currency pair and displays it on the chart using four different colors.
MT4
Quick view
Add to wishlist

FX5 MACD Divergence

,
The MACD FX5 Divergence Indicator is a new and popular forex indicator that runs on the MT4 platform. This is a free indicator that traders can use to identify potential trend reversals and momentum shifts. The indicator is based on the Moving Average Convergence-Divergence (MACD) indicator, which measures the distance between two moving averages. It analyzes the divergence between the MACD indicator and price action and then generates buy or sell signals. Use this indicator to better understand market trends and take advantage of potential profit opportunities.
MT4
Quick view
Add to wishlist

Schaff Trend Cycle

,
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.
MT4
Quick view
Add to wishlist

Woodies CCI Arrows Oscillator

,
The Woodies CCI Arrows Oscillator Indicator is a popular MT4 technical analysis tool used by forex traders to identify trends and potential entry and exit points wich based on the Woodies CCI system, which helps traders to identify when a trend is strong and when it may be weakening. The arrows on the indicator show when the price is moving in a particular direction, and the oscillator provides additional confirmation of the trend's strength. The Woodies CCI Arrows Oscillator Indicator is a valuable addition to any trader's toolkit, and it can help traders make better-informed trading decisions.
MT4
Quick view
Add to wishlist

MACD True

The MACD True Indicator is a popular and useful MT4 forex indicator that helps traders identify trends and momentum in the market. It is a modified version of the traditional MACD indicator that incorporates a color-coded histogram to provide more visual cues for traders. This indicator works by measuring the difference between two moving averages, and it is often used in conjunction with other technical indicators to confirm trading signals. Traders of all levels can benefit from using the MACD True Indicator in their trading strategies.