The adaptive RSX Buy & Sell Forex indicator for Metatrader 4 follows the most profitable trend with great precision.
In fact, it’s an easy to use buy and sell trading indicator with price filter that includes a multiple time frame function.
The MTF function enables traders to load signals from for example, the 1 hour chart on the 5-minute chart.
For scalping, utilize the indicator during the London and American trading session.
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Open a buy trade position as soon as the green line crosses the orange line upwards near the 20 oversold level.
Open a sell trade position as soon as the green line crosses the orange line downwards near the 80 overbought level.
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 RSX Buy & Sell Forex indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Time frame to use, adaptive period, adapting speed, price to use, filter speed, alerts, alert sound file, push notification, color settings & style
Indicator type: trend
Repaint? Does not repaint the colored signal lines.
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-rsx-mtf-indicator.ex4 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.