Market / MetaTrader 4 / Indicators /

RCI Indicator

FREE

Published: 12 July 2025

Current version: 1.20

RCI Indicator

Indicators
Etsushi Ishizuka
Etsushi Ishizuka
Free at Tokyo

Japan

5845
4 (4)
23 products 2 topics 1 comment
Version: 1.20

RCI (Rank Correlation Index) Indicator

Overview

The RCI (Rank Correlation Index) indicator is an oscillator-based tool that analyzes market trends and possible turning points by measuring the rank correlation of price data.
It quantifies the correlation between price ranking and time ranking over a specified period, displaying values from -100 to +100 as a simple line.
RCI is widely used for gauging market momentum, timing entries and exits, and can support both trend-following and counter-trend strategies.

Main Features

RCI values close to +100 indicate strong uptrends, while values near -100 indicate strong downtrends. Values around 0 suggest trend reversals or ranging markets.
Easy-to-read line display on the chart for quick visual assessment.
Uses rank correlation logic to provide unique trend and timing analysis.
Suitable for both counter-trend and trend-following strategies.

Parameters

Parameter	Description
RCI Period	The period used for RCI calculation (e.g., 9, 14, 20; freely configurable)

All parameter names and messages are in English.

Typical Use Cases

Trend identification (measuring market momentum or spotting reversals)
Finding pullback and retracement points
Reference for counter-trend entry signals
As a filter in automated trading logic (EAs and scripts)

Operation & Notes

Due to rank calculation, the indicator may require several seconds (or longer, depending on period and bar count) for initial computation after being attached to the chart or when parameters are changed.
For large bar numbers or long periods, initial loading may take extra time, but during normal operation (new bars or ticks), performance remains smooth and stable.
This initial calculation is essential for accurate values—please be aware of this brief delay.

Support & Disclaimer

This indicator is calculated based on historical data and does not guarantee future price movement or profit.
For questions or requests, please use the “Comments” or “Messages” section on mql5.com. Support is not provided through external sites or SNS.
All trading decisions and investment are at the user's own risk.

Summary

The RCI indicator is a versatile oscillator tool for trend analysis and timing, supporting both discretionary and automated trading.
It can be used for identifying market phases, spotting reversals, and as a filter in trading strategies.

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Overview of the Aroon Classic Indicator The Aroon Classic indicator is a technical tool that quantitatively identifies the emergence and persistence of trends on a chart. It uses two lines—“Aroon Up” and “Aroon Down”—to display trend strength and turning points within a range of 0–100. A higher Aroon Up value indicates a stronger uptrend, while a higher Aroon Down value indicates a stronger downtrend. Key Features Visually distinguishes trend initiation and reversal Customizable calculation peri

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Overview The True Strength Index (TSI) indicator is a momentum oscillator plotted in a separate window on MT4. It smooths the momentum (MTM) and its absolute value through two successive Exponential Moving Averages (EMAs) and then computes their ratio multiplied by 100. TSI helps visualize trend strength and potential turning points in the market. Key Features Dual-EMA smoothing to reduce noise and produce a clean line Signal EMA overlay to assist with entry and exit timing Auto-scaled range fro

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CandleStick Countdown – Candle Remaining Time Indicator CandleStick Countdown is a simple and practical MT4 indicator that displays a real-time countdown of how many minutes and seconds remain until the current candle closes. It helps improve trading timing accuracy and is widely used by traders. Main Features Displays the remaining time of the current candle in a "minutes:seconds" format Shown as text on the chart for high visibility Automatically adjusts position near the current price for eas

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What is Schaff Trend Cycle? The Schaff Trend Cycle (STC) is an oscillator-type indicator designed to detect trend reversals in a timely manner. Compared to traditional indicators like moving averages or MACD, it combines cyclical patterns with momentum to more clearly identify the beginning and end of trends. Main Features Clear trend reversal signals: The cycle line rises in an uptrend and falls in a downtrend. Noise reduction in ranging markets: Smoothing based on cyclical timing helps filter

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Overview BBWidth 3Lines is a custom indicator that visualizes the width between the upper and lower Bollinger Bands (i.e., +σ minus −σ) as a line in a separate subwindow. The value is expressed in points, not in price. While conventional Bollinger Bands are often used to assess price deviation or band touch, this tool focuses exclusively on the width of the bands , allowing you to analyze market volatility visually and precisely. Key Features Displays the difference between the upper and lower B

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Product Description RSI TrendGate 3MA is an MT4/MT5 chart indicator designed for trend direction confirmation. It evaluates trend direction using a combination of three Moving Averages (MA) and the Relative Strength Index (RSI), and displays arrows in the chart window when the direction state changes according to the selected conditions. This indicator is not intended to be used as a standalone entry signal. A recommended workflow is to confirm direction on a higher timeframe and apply your own

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Ride the Wave of Trends — Clear Signals for Confident Following In financial markets, the most stable profits often come from clear and established trends. However, even experienced traders know that riding the trend reliably is not always easy. Ride the Trend Signal is a signal-based indicator that focuses on trend-following entries, particularly on pullbacks and retracements. Instead of jumping into the early stages of a trend, this tool waits until the trend is established and then identifies

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SmoothedRSI is a custom indicator that calculates a standard RSI and then applies a smoothing method to the RSI values. The indicator displays only the smoothed RSI line in a separate window. The output range is 0 to 100. RSI can react strongly to short-term price fluctuations, which may increase small oscillations depending on market conditions. This indicator smooths the RSI values to reduce short-term noise and make broader momentum changes easier to observe. Core Specifications Display: one

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TMA Classic – Overview of the Triangular Moving Average Indicator The TMA Classic is a very simple and lightweight indicator that displays the Triangular Moving Average (TMA) as a single smooth line. It effectively removes excessive noise and captures the central movement of prices, making it useful for identifying trend direction and range-bound market conditions. Since it only displays a single line, it offers high visibility on the chart without interfering with other indicators or candlestic

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PartialAutoClose EA is a utility EA that enables semi-automatic and flexible management of positions opened by manual or discretionary trading. [Main Features] - Choose from two exit logic types: Automatically closes positions based on either Heikin Ashi color change or moving average cross. - Automatic break-even stop When a specified profit is reached, the stop loss is automatically moved to break-even (or a user-defined level). - Partial or full close selectable On exit signal,

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CurrencyStrength – Real-Time Currency Strength Ranking CurrencyStrength is a utility EA that quantifies the strength of the eight major currencies (USD, EUR, JPY, GBP, CHF, AUD, CAD, NZD) in real time, displaying the results as a visually intuitive ranking based on rate of change. By visualizing currency strength every second, this tool greatly enhances the accuracy of currency pair selection and trade decisions for both discretionary and automated traders. Main Features Calculates and updates

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Heikin Ashi Binary – Visual Trend Support Indicator with Binary Display Overview Heikin Ashi Binary is an indicator for MetaTrader that displays Heikin Ashi trend information in binary (two-value) format in a subwindow. Instead of candlestick shapes, it draws bullish (uptrend) and bearish (downtrend) conditions as simple colored blocks. This allows you to quickly identify trend continuations or possible reversals at a glance. The indicator is suitable for discretionary trading, EAs (automated tr

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T3 2Lines – Precise Trend Analysis with Dual T3 Moving Averages “T3 2Lines” is an MT4 indicator that plots two T3 (Triple Exponential Moving Average) lines on your chart—one short-term and one long-term. By combining these two smoother moving averages, traders can gain clearer insights into trend initiation, continuation, and potential reversal zones. What This Indicator Does Displays two T3 moving average lines simultaneously (short and long term) Each line has individually configurable period

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BB-Sub – Bollinger Bands in Subwindow BB-Sub is a simple yet powerful indicator that displays Bollinger Bands independently in the subwindow of your chart. Unlike standard Bollinger Bands, which are shown on the main chart, BB-Sub operates in a separate subwindow. This prevents overlapping with candlesticks or other indicators, making it ideal for traders who want to focus purely on the movement and shape changes of the bands. Main Features Simultaneously displays the upper band, lower band, and

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ExportRange is a utility script designed to export candle range data from any selected timeframe into a CSV file. It collects the high, low, and range values of each bar, along with the bar time and index. The script helps traders who need simple and reliable data for statistical or volatility analysis. When the script is applied to a chart, it extracts the specified number of bars and saves the output in CSV format inside the terminal’s Files directory. Both the number of bars and the timeframe

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OvertradeShield – Utility EA to Prevent Overtrading in Discretionary Trading Have you ever regretted making “just one more” trade in discretionary trading? OvertradeShield is a utility-type EA that automatically limits and alerts entries based on realized profit and loss, supporting your trading rules and mental discipline. It is ideal for traders who want to keep daily profits and losses in mind, prevent overtrading, and enforce profit and loss rules systematically. Since entries are discretion

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RCI Indicator

Etsushi Ishizuka

RCI (Rank Correlation Index) Indicator

Overview

Main Features

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Support & Disclaimer

Summary