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Waddah Attar RSI Level Indicator (MT4)

    The Waddah Attar RSI Level indicator for MT4 displays the most important RSI levels on the main trading chart and can they be used for precise trade entry.

    The indicator dynamically updates all RSI levels based on daily price chart data.

    In essence, this RSI type technical indicator transforms RSI price data into a powerful buy/sell entry levels indicator.

    After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.

    Key Points

    • Displays all important RSI levels
    • Works on daily chart price data
    • Dynamically updates all RSI levels
    • Works well for trade entry in any market
    • Well worth adding to your indicator collection

    This indicator can work together with any existing trading strategy or system as a simple buy/sell entry confirmation tool.

    Free Download 

    Download the “Waddah_Attar_RSI_Level.mq4” MT4 indicator

    Indicator Example Chart

    The EUR/USD 1-hour chart below shows the Waddah Attar RSI Level indicator in action.

    Basic Trading Signals

    Signals from the Waddah Attar RSI Level Indicator for Metatrader 4 are easy to interpret and goes as follows:

    BUY:

    • Open a long trade when price touches the green RSI 60 level from below.
    • Place stop loss below the previous swing low level.
    • Take profit at the RSI 80 level or deploy your own take profit method.

    SELL:

    • Open a short trade when price touches the red RSI 40 level from above.
    • Place stop loss above the previous swing high level.
    • Take profit at the RSI 20 level or deploy your own take profit method.

    Download This Forex Indicator

    Download the “Waddah_Attar_RSI_Level.mq4” MT4 indicator

    Adjustable Parameters & Settings

    RSI day period, extra level

    Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

    More Info About This Indicator

    Currency Pairs: works on any currency pair

    Trading Platform: developed for Metatrader 4 (MT4)

    Time Frames: works on any time frame

    Indicator Type: RSI

    How to install the Waddah Attar RSI Level indicator in Metatrader 4?

    • Copy and paste the Waddah_Attar_RSI_Level.mq4 indicator into the MQL4 indicators folder.
    • You can access this folder from the top menu as follows:
    • File > Open Data Folder > MQL4 > Indicators (paste here)

    How to remove the indicator from the chart?

    • Right click in the chart
    • Select indicators list
    • Click on the indicator’s name
    • Click on the delete button
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