RSI Filtered Forex Indicator

An easy to use forex trading indicator based on RSI + filter. The indicator shows up in a sub-window below the main MT4 trading chart.

Feel free to experiment with the RSI period values. I prefer to use the values above 25. This reduces the number of false signals.

You can use the RSIFilter with an overbought/oversold oscillator (for example the Stochastic oscillator) for more accurate entry and exit signals.

Buy signal: Wait for the RSI filter to turn orange from blue color.

Sell signal: Wait for the RSI filter to turn blue from orange color.

Currency pairs: any

Time frames: any

Trading sessions: any

Colors, RSI period,…

Most Used Indicators

« Older Entries

Next Entries »