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RSI TrendMT4

RSI TrendMT4 is a trend indicator based, as one can guess, on RSI.

As we know, oscillators have oversold and overbought areas. Indicators' lines do not stay for a long time in these areas in case of flat. But they spend quite a perceptible time there when the price follows the trend. The RSI indicator peculiarity is that it reaches oversold and overbought areas less often than Stochastic or CCI. It generates less signals (which are frequently false) about possible change in direction. This peculiarity of the RSI indicator was used when we were developing the RSI TrendMT4 indicator.


rsi_period - RSI period.

Green histogram - up trend. Recommended to open buy trades.

Red histogram - down trend. Recommended to open sell trades.

Roman_S 2019.10.07 23:33 

В начале отнёсся скептически к данному индикатору, но, изменив период и толщину линий, изменил своё отношение: Отличный индикатор. Большое спасибо!

Gennadiy Voltornist
Gennadiy Voltornist 2017.10.28 19:59 

Der Benutzer hat keinen Kommentar hinterlassen

rainwalker123 2017.03.18 21:42 

Very GOOD Indicator.

Maksym Mudrakov
Maksym Mudrakov 2016.08.30 19:23 

Der Benutzer hat keinen Kommentar hinterlassen

Georgi Lyubenov
Georgi Lyubenov 2016.08.18 13:22 

Это удивительный продукт Вы талантливый человек!

Большое спасибо

vahid jannati
vahid jannati 2016.03.03 20:46 

does not show signal and I think simple RSI is better than it.

NIKILMEN 2016.01.13 23:13 

Удивительный индикатор! Спасибо разработчику!

Rodrigo da Silva Boa
Rodrigo da Silva Boa 2015.12.05 10:05 

Muito Obrigado.

tonschulzt 2015.11.27 01:32   

Very useful, thx

Harikrishnabhai Patel
Harikrishnabhai Patel 2015.10.31 00:30 

Great indi with alerts for which i was waiting since long time...thanks

cvdestyfx 2015.08.19 03:47 

This is very nice. It helps you to trade with the trend. I think the best way to use this is to wait for an opportunity to get into a trade on a retracement, and simply move in the direction of the trend as indicated by the color showing on the indicator. Keep in mind that it's best not to trade against the trend.

Version 1.20 2016.03.22
push_send: true - send push notifications; false - do not send push notifications
language: RU - messages in Russian ; EN - messages in English
Version 1.10 2015.09.28
Added a message/sound when changing the indicator color (optional).

show_alert: true - show a message; false - do not show a message;

playsound: true - play a sound; false - do not play a sound;

A sound and a message can appear together or only a sound can be played.