R Delta RSI

The R Delta RSI indicator draws a buy and sell colored histogram based on the crossover of a fast RSI (period 14) and slow RSI (period 50) together with a signal level.

  • A red colored histogram indicates the trend is bullish (buy signal).
  • A green colored histogram indicates the trend is bearish (sell signal).
  • A gray colored histogram indicates the trend is flat or range-bound (no signal).

This forex indicator can be traded as a standalone or together with other trend following indicators.
Scalpers, day traders and swing traders can benefit from this excellent RSI crossover signals indicator.

The default R Delta RSI indicator settings for fast RSI, slow RSI and signal level can be changed from the indicator’s input tab.
Feel free to experiment with its settings to fit your needs.

Basic Trading Signals

Signals from the R Delta RSI forex indicator are easy to interpret and goes as follows:

  • Buy Signal: Initiate buy trade position when the indicator draws a red histogram.
  • Sell Signal: Initiate sell trade position when the indicator draws a green histogram.
  • Flat Signal: Stay with the current buy/sell position when the bars paint gray color.
  • Trade Exit: Close the open buy/sell forex position when an opposite signal occurs, or use your own method of trade exit.

Characteristics

Currency pairs: Any

Platform: Metatrader 4

Customization options: Variable (Fast RSI Period, Slow RSI Period, Signal Level) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Oscillator

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The R Scalper Arrows indicator delivers easy to read buy and sell signal arrows for any forex pair. It works good for short-term trend predictions: Up arrows suggest the pair is short-term trending up. Down arrows suggest the pair is short-term trending down. For long trades, place your stop-loss below the dots. For short trades, place your stop-loss above the dots. Tip You can use this indicator together with a longer term period trend-following forex indicator such as a simple moving average o
The R Chimp Scalper is a great trading tool for both forex scalpers and intraday traders. The signals from this scalper indicator are very clear and easy to read. It paints green and red bars above and below the zero level in a separate trading window: Green bars are aligned above the zero level suggest the scalpers trend is bullish Red bars are aligned below the zero level suggest the scalpers trend is bearish Indicator readings above the zero level suggest the scalp trend is bullish and trader
The R 3MA Cross indicator is a popular trend indicator with alerts based on the crossover of 3 moving averages, it is composed of a faster, medium and slower moving average. Key Points A buy alert will occur when the faster moving average crosses both the medium and slower moving average upwards . A sell alert will occur when the faster moving average crosses both the medium and slower moving average downwards . How to trade with it? Open a buy trade whenever the green colored R 3MA Cross arro
This indicator uses multiple indicators to generate high-winning signal trades The R Signals indicator is a complete FX trading system that prints accurate buy & sell arrows on the chart. The indicator appears in the main MT4 chart window as colored green and red arrows. Using signals generated by a single indicator can be risky while trading. This is because using just one indicator to trade can give more false signals. Thus, many forex traders used three or more indicators to filter out goo
The R Stoploss Signals indicator is based on a trend following exponential moving average. This forex indicator generates buy and sell trading signals in the form of blue and red lines drawn on the activity chart. Blue colored lines indicate the trend is upwards and this is a signal to buy the currency pair. Red colored lines indicate the trend is downwards and this is a signal to sell the currency pair. A suggested stop-loss line is also included with this forex indicator. For buy signals, put
The R Inside Bar indicator for Metatrader 4 provides simple to use price breakout levels based on inside bars. It works on pure price action and does not repaint whatsoever, and pops up in the main MT4 chart window in the form of 2 colored horizontal lines above and below the actual inside bar. The green horizontal line acts as resistance and the red line acts as support. Long & short trade idea Open a buy order if the candlestick closes above the green inside bar line and the overall trend is u
The R Ease Of Movement Metatrader 4 forex indicator is a blue colored EMZ trading oscillator. It’s an oscillator type forex indicator that generates a bullish and bearish trading area. Values above the zero level are said to be bullish while values below the zero level are said to be bearish. The R Ease Of Movement oscillator does not produce good results on its own, it needs to be traded in conjunction with a trend following technical indicator. Good forex trend indicators include: SMA, EMA, PS
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