RSI Trend

RSI Trend is a trend indicator that interprets the current market situation based on multiple RSI indicators with different periods.


Indicator Benefits

  • Displays zones of an evident trend movement, overbought/oversold zones, as well as transition zones;
  • Can be used in scalping strategies, as well as medium-term and long-term strategies;
  • Has a minimum of settings;
  • The standard line colors and selected for a comfortable operation with the black and white styles of the chart;
  • Can be used in Expert Advisors


Input Variables explained

  • Period - the average line period of the RSI indicator.


Description of indicator

The indicator consists of RSI 5 lines with different periods and colored histograms on each candlestick, interpreting the market situation. In settings, you specify the period of the average RSI line, while the periods of other lines will be calculated automatically. Depending on the sequence of RSI lines, there 6 possible market situations, which are displayed on the chart as a histogram of different colors.

Histograms can be of 6 different colors:

  • Green - overbought zone;
  • Blue - upward trend;
  • Light blue - the price is too low;
  • Pink - the price is too high;
  • Red - downward trend;
  • Orange - oversold zone.

Zones of upward/downward trend movement.

The overbought/oversold zones occur after trend movements, indicating a decrease in the trend strength, further correction or trend reversal.

Zones with a too high/low price appear as a result of a sharp price movement against the trend, followed by either a price return to the current trend, or an attempt to form a new trend.


Using in an Expert Advisor

For convenient indicator use in the Expert Advisors, it has a buffer (buffer index "5") containing all the values ​​of the histograms:

  • "3" - green - overbought zone;
  • "2" - blue - upward trend;
  • "1" - light blue - the price is too low;
  • "-1" - pink - the price is too high;
  • "-2" - red - downward trend;
  • "-3" - orange - oversold zone;
  • "EMPTY_VALUE" - an empty valye, uncalculated bars.

Please contact me for any questions and suggestions.

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The MultiCurrency RSI indicator calculates the values of the standard RSI indicator for each of 8 major currencies: EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY. Advantage of the indicator: The calculation is performed based on 8 virtual currency charts: EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY; Shows the strength of currencies, not depending on the currency pair; Allows any time to determine the strongest and the weakest currency, also sorts currencies by strength; At any time it shows the current str
MultiCurrency Indicators is a multi-currency indicator which calculates the values of multiple standard indicators for each of the 8 major currencies: EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY. Advantages of the indicator Calculation is performed for 8 virtual charts of the currencies: EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY; Show the currency strength, which does not depend on the currency pair; It allows determining the strongest and the weakest currencies at any moment, it also sorts currencies
Future Candle One Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of one candle. Advantages of the indicator Gives information about the next candle right now; The indicator values are based on statistical data on the history of the current instrument; Forecasts and displays the result of trading based on its signals; The colors of the indicator have been selected for a comfortable operatio
Future Candle Two Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of two candles. Advantages of the indicator Gives information about the next candle right now; The indicator values are based on statistical data on the history of the current instrument; Forecasts and displays the result of trading based on its signals; The colors of the indicator have been selected for a comfortable operati
Future Candle Three Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of three candles. Advantages of the indicator Gives information about the next candle right now; The indicator values are based on statistical data on the history of the current instrument; Forecasts and displays the result of trading based on its signals; The colors of the indicator have been selected for a comfortable ope
Spreads Monitoring MT4 - мощный инструмент для сбора значений спреда и записи их в файл. Позволяет "ловить" минимальные и максимальные значения спреда, рассчитывает реальное среднее значение спреда у брокера . Преимущества индикатора: Работает на всех таймфреймах; Восстанавливает ранее записанные данные для отображения на графике; Умеет запускать себя на графиках других символов по шаблону текущего графика; Имеет инструменты для удобной работы с данными; Не нагружает терминал. Параметры индикато
Pivots MT4
Denis Luchinkin
Pivots MT4 - Простой и удобный индикатор уровней pivot , рассчитывает уровни по методам  Classic , Fibonacci , DeMark , Camarilla , WooDie , Central Pivot Range . Индикатор выгодно отличается следующим Рассчитывает уровни pivot по методам  Classic ,  Fibonacci ,  DeMark ,  Camarilla ,  WooDie ,  Central Pivot Range ; Выводит на графике текущие уровни и уровни на предыдущих периодах; Выводит на графике выбранные метод и период, названия уровней и их ценовые значения. Параметры Pivot Method - Выпа
Candlestick Patterns MT5  is a simple and convenient indicator able to define 29 candle patterns. Advantages Defines and highlights 29 candle patterns; Estimated trading direction is shown as an arrow; Each candlestick pattern can be disabled in the settings; The indicator can be used as an arrow indicator in EAs. Parameters TextSize  - chart text size; TextColor  - chart text color; Alert  - enable/disable alerts; ---------- Candlestick Patterns -------------  - settings separator; AdvanceBlo
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