MARSICD Comprehensive Indicator Download for MT4 – Free | Forex Indicator Download – MetaTrader 4 Resources

The MARSICD composite indicator is specially designed for MetaTrader 4 to detect trend direction and momentum changes in financial markets.

This trading tool generates buy and sell signals by combining Adaptive Moving Averages (AMA and RMA) with Relative Strength Index (RSI) calculations. It displays the RSI and its complementary lines and plots smoothed versions of them.

MARSICD Oscillator Spec Sheet

Below are the technical specifications of the MARSICD index indicator.

MARSICD index indicator

The MARSICD oscillator enables traders to effectively identify trend movements by filtering out market noise.

It is useful for both short-term and long-term traders as it can be adapted to various time frames and market conditions.

Buy Signal

Looking at the 1 hour chart of cryptocurrency Ethereum (ETH), the thin green line (ARSI) and the smooth RSI line are moving upward and oscillating within the positive phase of the oscillator. Furthermore, the positive zone is forming a high histogram, which is interpreted as a buy entry signal.

Sell ​​Signal

According to the 5-minute chart of the EUR/USD currency pair, the smoothed RSI and ARSI lines have crossed below the midline of the oscillators and are fluctuating in the negative zone. Meanwhile, the red histogram formed in the lower part of the oscillator confirms the strength of the bearish trend.

MARSICD indicator settings

The following options are available in the MARSICD oscillator settings:

• ARSI Period: This defines the time period during which the first RSI line is calculated
• RRSI Period: Set the period for the second RSI calculation
• AMA Period: Specify the length of the adaptive moving average
• RMA Period: Determine the period of the conventional moving average
• SMAD Period: Controls the smoothing factor displayed in the histogram in the oscillator window

Conclusion

The MARSICD composite indicator is built on three core concepts: Moving Averages, RSI and Convergence/Divergence . It is designed to identify trends and changes in market momentum.

The indicator comes with histogram bars that indicate the start of a new trend based on the positive or negative phase of the oscillator. It also smoothes these histogram bars and displays them as oscillating dashed lines.