MP RSI Multi Length for MT4

This indicator provides insights into Relative Strength Index (RSI) values over multiple timeframes. It highlights the percentage of RSIs across varying periods that are classified as overbought or oversold, and also calculates the average of these RSIs.

The percentage of overbought or oversold RSIs is further utilized to define adaptive thresholds for these levels.

Settings:

  • Maximum Length: Specifies the longest RSI period used in the calculations.
  • Minimum Length: Specifies the shortest RSI period considered.
  • Overbought: Sets the threshold for overbought conditions.
  • Oversold: Sets the threshold for oversold conditions.
  • Applied price: Defines the input data for the indicator.

Usage:

The primary feature of this indicator is the average RSI calculated across multiple timeframes, which functions as an oscillator resembling a standard RSI but adjusts based on the range of lengths selected. By adjusting the Maximum and Minimum length parameters, the indicator can capture both short- and long-term price movements.

The green zone represents the percentage of RSIs exceeding the defined overbought threshold.

The red zone displays the percentage of RSIs below the defined oversold threshold, with the values inverted for clarity.

A dashboard in the upper-right corner of the pane shows these percentages for the most recent data point.

Lower percentages of overbought or oversold RSIs may signal potential short-term corrections in price.

Additionally, these percentages are used to create dynamic thresholds for the average RSI. When a high percentage of RSIs are overbought, the overbought level becomes easier to hit. Similarly, the oversold level adjusts based on the percentage of oversold RSIs.

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Disclaimer:
Do NOT trade or invest based upon the analysis presented on this channel. Always do your own research and due diligence before investing or trading. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy, sell, long or short any asset, commodity, security, derivative or cryptocurrency related instrument as it's extremely HIGH RISK! You should always consult with a professional/licensed financial adviser before trading or investing in any type of assets.


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Oferta especial : TODAS AS FERRAMENTAS , apenas US$ 35 cada! Novas ferramentas   custarão   US$ 30   na   primeira semana   ou para   as primeiras 3 compras !  Canal Trading Tools no MQL5 : entre no meu canal do MQL5 para receber minhas últimas novidades Stochastic Z-Score é um oscilador de momentum que normaliza o preço com um Z-Score, o delimita via lógica estocástica e o suaviza com HMA, usando ALMA para contexto de longo prazo. Elementos opcionais incluem histograma, faixas dinâmicas e rótu
Este produto foi atualizado para o mercado de 2026 e otimizado para as versões mais recentes do MT5. AVISO DE ATUALIZAÇÃO DE PREÇO: Smart Trend Trading System está atualmente disponível por $99 . O preço aumentará para $199 após as próximas 30 compras . OFERTA ESPECIAL: Após comprar o Smart Trend Trading System, envie-me uma mensagem privada para receber o Smart Universal EA GRÁTIS e transformar seus sinais do Smart Trend em operações automatizadas. Smart Trend Trading System é um sistema de tr
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Nikolay Raykov
5 (1)
Price & Time Market Structure Indicator A professional market structure tool that analyzes waves through both price and time — not price alone. Main Description NeoWave PRO is a professional market structure indicator for MetaTrader 4 designed for traders who want to move beyond traditional one-dimensional wave tools such as ZigZag, swing indicators, and basic high/low systems. Most wave indicators analyze only one thing: Price. But a real market wave is not only a price movement. A true wave de
O sistema PRO Renko é um sistema de negociação altamente preciso especialmente concebido para a negociação de gráficos RENKO. Trata-se de um sistema universal que pode ser aplicado a vários instrumentos de negociação. O sistema neutraliza eficazmente o chamado ruído de mercado, dando-lhe acesso a sinais de inversão precisos. O indicador é muito fácil de usar e tem apenas um parâmetro responsável pela geração de sinal. Você pode facilmente adaptar a ferramenta a qualquer instrumento de negocia
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Guner Koca
5 (2)
Thise indicator is up down v6  comes with tradingwiev pinescript. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView pinescript. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that i
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