MTForge RSI
- Indicators
- Version: 3.0
Short Description (for MQL5 listing title area):
MTForge RSI — Premium RSI indicator with colored RSI line, RSI Price level, moving average, fractal S/R lines, cloud fills, and real-time chart labels showing RSI value, delta, slope, distance-to-price, and bullish/bearish signal. One indicator, complete RSI intelligence.
Detailed Description:
MTForge RSI gives you everything you need from RSI in a single indicator — no clutter, no guesswork.
The lower panel shows a fully color-coded RSI line that tells you the trend state at a glance. Green means RSI is above 50 and rising, red means below 50 and falling, pink signals momentum fading above 50, and light green shows early recovery below 50. A 20-period moving average of RSI is overlaid and colored green or red depending on whether RSI is above or below it, giving you instant crossover awareness.
A cloud fill between RSI and the 50 level makes it easy to see bullish and bearish zones. Overbought (70) and oversold (30) levels are drawn with the 50 midline changing color based on which zone RSI occupies — so even the reference lines communicate information.
Fractal detection runs directly on RSI values, identifying pivot highs and lows with a configurable sequence count (default 10 bars each side). Once confirmed, these fractals project forward as dashed support and resistance lines — cyan for the fractal high, magenta for the fractal low — giving you key RSI levels where reversals previously occurred.
On the main price chart, a compact info strip displays in the top-left corner with live-updating data: current RSI value with color, RSI delta (bar-over-bar change), the RSI Price level (the exact price where RSI equals 50 — a dynamic support/resistance line), the distance between current price and that level, the slope direction of the RSI Price line, and an overall signal reading: STRONG BULL, BULLISH, BEAR FADING, STRONG BEAR, OVERBOUGHT, or OVERSOLD. Fractal high and low RSI levels are also displayed for quick reference.
The RSI Price concept is what makes this indicator unique. It reverse-engineers RSI to calculate the exact price level where RSI would equal your reference value (default 50). When price is above this line and the line is falling away, that is strong bullish momentum. When price drops below and the line rises above, bearish pressure is building. The slope and distance readings on the chart label let you quantify this without switching between windows.
Additional signals include dots marking new RSI highs and lows over a configurable lookback, arrows when RSI crosses below 50, and optional vertical lines on RSI/MA crossovers for traders who want entry timing markers on both the chart and the RSI panel.
Every visual element is configurable — RSI period, MA period, overbought/oversold levels, fractal sequence count, and all signal toggles can be turned on or off. Chart label position and font size are adjustable to fit any layout.
Works on all instruments and timeframes. One indicator replaces a separate RSI, RSI divergence tool, RSI-based support/resistance, and RSI price level calculator.
