The double RSI trading signals indicator for Metatrader 5 is called “RSI with RSI”.
It uses two different RSI periods to generate both entry and exit signals on any instrument.
The indicator consists of orange and blue dots positioned above or below the candlesticks.
Trading Signals From This MT5 Indicator
Buy signal: Open buy order when a blue dot appears on the activity chart.
Sell signal: Open sell order when an orange dot appears on the activity chart.
Tip: Use this indicator in conjunction with other forex indicators and/or technical tools for more accurate buy/sell trading signals.
MT5 Indicator Characteristics
Currency pairs: Any
Trading Platform: Metatrader 5 (MT5)
Type: chart window indicator
Customization options: RSI short period, RSI long period, RSI level up, RSI level down, Short MA period, Long MA period, Price.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: RSI indicator
Copy and paste the RSI with RSI.mq5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)