Fabii Metro Step RSI
- Indicators
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Fabien Georges Andre Guillemaud
I develop custom indicators and trading tools for MetaTrader 5. - Version: 1.32
Stop entering on momentum swings that reverse one bar later. Two step lines, one chart. No repaint.
Any pair, any timeframe. On your chart in 2 minutes. Free to test in the Strategy Tester.
Get more indicators here
Baselines, volatility filters and oscillators. No repaint.
Why you need it
You watch the Relative Strength Index (RSI) turn and you enter. A few bars later it reverses: the signal was only noise. The RSI moves with every candle, so a small swing looks like a new trend, and you pay with early entries and late exits.
What you get
Fabii Metro Step Rsi turns the RSI into two step lines that keep their direction until momentum really reverses, so you stop reading every small swing as a trend.
- Two step lines, a fast green and a slow red, so you see at a glance which one leads.
- A dead-zone band that keeps its color while the lines are close, so you skip choppy crossovers.
- A second band for a higher timeframe, under the first and labeled, so you see the larger trend without switching charts.
- Alerts on a trend flip and when both timeframes turn the same color, so you do not watch the screen.
- Signal buffers an Expert Advisor can read, so you can build rules on the flips.
How it works
The indicator calculates the RSI on the close price. Each step line follows it in steps: when the RSI leaves the current step, the line locks its direction and reverses only when the RSI reaches the opposite edge. The fast line uses a small step, the slow line a larger one. The band is green when the fast line is above the slow line, red when below, and keeps its last color inside the dead zone. The higher timeframe band is calculated inside the indicator from the closed candles of that timeframe and shows the last closed candle only. On the live bar, a dotted segment shows the provisional value.
How to use it
- Attach the indicator to any chart.
- Read the band under the lines: green means the fast line leads, red means the slow line leads.
- Take entries that match the color of the higher timeframe band below it.
- Wait for a color change on a closed bar before you act, and switch on the alerts in the settings.
Key settings
| Setting | What it does | Default |
|---|---|---|
| RSI period | Bars used to calculate the RSI. | 7 |
| Fast step size | A smaller step reacts sooner. | 3 |
| Slow step size | A larger step holds its direction longer. | 9 |
| Dead zone (RSI points, fast-slow) | Gap under which the band keeps its color. | 2.0 |
| Higher timeframe (above the chart timeframe) | Timeframe of the second band. | H4 |
| Alerts | Popup, sound and push, each switched on separately. | false |
Other settings control the grey dead-zone color, the labels, the 30, 50 and 70 levels and the number of bars calculated.
Test it before you decide
No repaint: let a bar close, then check that the value in the Data Window does not change. To test it: open the Strategy Tester, select this indicator and run it in visual mode on your pair and timeframe.
Updates are free and included. Every release is listed in the What's new section of this page.
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Get it and see your first signal on your own chart.
Comments and reviews
Questions? Post a comment on this page or message me and you get an answer within 24 hours.
If this saves you time, a short review with your pair and timeframe helps other traders find it.
Past results do not predict future results. This indicator does not provide financial advice.
