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RSI TrendMT4

RSI TrendMT4 is a trend indicator based, as one can guess, on RSI.

As we know, oscillators have oversold and overbought areas. Indicators' lines do not stay for a long time in these areas in case of flat. But they spend quite a perceptible time there when the price follows the trend. The RSI indicator peculiarity is that it reaches oversold and overbought areas less often than Stochastic or CCI. It generates less signals (which are frequently false) about possible change in direction. This peculiarity of the RSI indicator was used when we were developing the RSI TrendMT4 indicator.


rsi_period - RSI period.

Green histogram - up trend. Recommended to open buy trades.

Red histogram - down trend. Recommended to open sell trades.

Gennadiy Voltornist
2017.10.28 19:59 

User didn't leave any comment to the rating

2017.03.18 21:42 

Very GOOD Indicator.

Maksym Mudrakov
2016.08.30 19:23 

User didn't leave any comment to the rating

Georgi Lyubenov
2016.08.18 13:22 

Это удивительный продукт Вы талантливый человек!

Большое спасибо

vahid jannati
2016.03.03 20:46 

does not show signal and I think simple RSI is better than it.

2016.01.13 23:13 

Удивительный индикатор! Спасибо разработчику!

Rodrigo da Silva Boa
2015.12.05 10:05 

Muito Obrigado.

2015.11.27 01:32   

Very useful, thx

2015.10.31 00:30 

Great indi with alerts for which i was waiting since long time...thanks

2015.08.19 03:47 

This is very nice. It helps you to trade with the trend. I think the best way to use this is to wait for an opportunity to get into a trade on a retracement, and simply move in the direction of the trend as indicated by the color showing on the indicator. Keep in mind that it's best not to trade against the trend.

Version 1.20 - 2016.03.22
push_send: true - send push notifications; false - do not send push notifications
language: RU - messages in Russian ; EN - messages in English
Version 1.10 - 2015.09.28
Added a message/sound when changing the indicator color (optional).

show_alert: true - show a message; false - do not show a message;

playsound: true - play a sound; false - do not play a sound;

A sound and a message can appear together or only a sound can be played.