The adaptive RSI Forex indicator for Metatrader 4 is solely based on RSI and provides easy to trade buy and sell signals that work.
The indicator appears in a separate chart window underneath the activity chart in the form of a colored blue line.
How to interpret?
- Generally, a rising Adaptive RSI indicator line suggests that the trend is upwards.
- A falling adaptive RSI indicator line suggests that the trend is downwards.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Open a buy trade position whenever the Adaptive RSI signal line is clearly trending up.
Open a sell trade position whenever the Adaptive RSI signal line is clearly trending down.
Confirm the trade with additional tools.
Take profit ideas: Exit the trade for a fixed profit target, near support/resistance, or wait for an opposite trading signal.
Feel free to use your own favorite trading method to open and close trades with the Adaptive RSI Forex indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: ARSI period, color settings & style
Indicator type: RSI
Repaint? Does not repaint the Adaptive RSI signal line.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the adaptive-rsi-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.