Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2014.08.14 12:25

ChainPriceRSI - indicator for MetaTrader 4

| English Español Português 日本語 Deutsch

votes: 8

Forex indicator ChainPriceRSI is based on the RSI and MA indicators.

Chain Price RSI is an indicator of Trend Lines Arrow with direction to open orders.

How to use ChainPriceRSI indicator:

  • Blue Arrow, Buy = when the Arrow below level 62;
  • White Arrow, Sell = when Arrow above level 38;
  • Sell, when Arrow Blue, touching or passing level of 80, the price will get back down;
  • Buy, when Arrow Blue, touching or passing level of 20, the price will soon turn up;
  • If Arrow passing trend line (red line), from bottom to top, the price must go up, and if the Arrow over the trend line, from top to bottom, the price must fall. In other words, must still follow the trend line (red line).

Last update 20/03/2015: Eliminate some bugs that I have done in the use of facilities MovingAverages.mqh

ChainPriceRSI indicator

eaTemplate eaTemplate

This template code contains basic features and functions required for the developing the Expert Advisor.

PipStriker-com PipStriker-com

The indicator shows top and bottom ranges of price movement.

Signal for Trend Signal for Trend

The indicator shows trade signals using combined Stohastic with breaking of High/Low by Moving Average.

Horizontal Grid Lines Horizontal Grid Lines

Draws horizontal grid lines at specified distances.