MetaTrader 4 Moving Average Indicator RSI Download - Free - [TFlab] - MT4/MT5 Resources

One of the popular techniques for trading with the trend is to use moving average crossovers . The RSI on MA indicator utilizes moving average crossovers while combining it with another tool, the Relative Strength Index (RSI) .

This MetaTrader 4 oscillator plots two lines oscillating between 0 and 100. Buy and Sell signals appear based on the interaction between these two lines.

RSI on Moving Average Indicator Specifications

In the table below you can view the details and features of this indicator:

Indicator overview

This indicator not only identifies trends but also evaluates momentum . The Crimson RSI line represents the slower moving average, while the Lime Green RSI line represents the faster moving average. The crossing of these two lines is considered a signal to enter a trade .

Indicators are in an upward trend

On the AUD/CAD currency pair chart , when the slower moving average (red) crosses the faster moving average (green), this crossover is considered a signal to enter a buy trade .

Traders can confirm the signal by looking at the candlestick pattern and other necessary verifications before starting a Buy trade.

Indicators are in a downward trend

The image below shows the Bitcoin (BTC) chart on the 4-hour time frame. When the slower moving average (red) crosses the faster moving average (green), this crossover is interpreted as a sell signal .

Traders can verify signals by analyzing candlestick patterns (such as Doji) and then place a Sell order at these levels.

Moving Average Indicator Setup RSI

The setting specifications of this indicator are as shown in the figure below:

• Theme: The background theme of the indicator chart;
• RSI Period: The number of candlesticks used to calculate RSI;
• The first moving average period: the period of the faster moving average;
• Second moving average period: the period of the slower moving average;
• Moving average mode: the type of moving average used;
• Price Mode: The price type used (opening price, closing price, high price or low price).

Conclusion

The RSI on MA Indicator is a hybrid tool in MetaTrader 4 indicator that combines the Relative Strength Index (RSI) with Moving Average (MA) .

It consists of two main lines oscillating between level 0 and level 100. The green line represents the RSI calculated from the faster moving average, while the red line corresponds to the slower moving average.