RSI MA Signal Indicator - indicator for MetaTrader 5

A simple and effective signal indicator for MetaTrader 5.

This indicator combines two classic tools, RSI and Moving Average (MA), to identify trend following signals. It is designed as a clean, non-drawing visual tool that is ideal for manual trading or as a source of signals for an Expert Advisor (EA).

EA (EA).

STRATEGY LOGIC

The indicator draws an arrow only when both conditions are met:

Buy signal (Blue arrow):

1. The closing price is OUTSIDE the Moving Average (confirming an uptrend).

2. The RSI value is above the 50 level (confirming the bullish momentum).

Sell Signal (Red Arrow):

1. The closing price is LOWER than the moving average (confirming the downtrend).

2. The RSI value is LOWER than the 50 level (confirming the bearish momentum).

FEATURES

- Clean, commented code.

- All parameters (RSI Period, MA Period) are fully customisable in the input data.

- Uses standard MT5 buffers for signals (ideal for use with iCustom() in an EA).