MACD RSI Oscillator Download for MT4 – Free | Forex Indicator Download – MetaTrader 4 Resource

The MACD RSI indicator is a combination oscillator designed to detect divergence and provide momentum and trend based signals in technical analysis . This Currency Strength Indicator for MT4 uses histogram, fast EMA and slow EMA lines to indicate optimal trade entry and exit points.

MACD and RSI Oscillator Spec Sheet

The following table summarizes the characteristics and specifications of the MACD and RSI indicators:

MACD and RSI indicators at a glance

The MACD indicator focuses on the divergence and convergence of the moving averages, while the RSI emphasizes the divergence and convergence of the moving averages. Overbought and oversold conditions.

When combined into a single indicator, these tools provide traders with a multi-layered view. Whether positive or negative, histogram formation and EMA line crossovers can be considered trade entry signals.

Buy Position

Analyzing the AUD/USD currency pair based on the 30-minute chart , the green line crosses the pink line. At the same time, the histogram volume decreases in the negative phase and increases in the positive phase.

In such a setup, the histogram phase change point becomes an important entry opportunity for a buy position following the line crossover signal.

Sell ​​Position

On the 1-hour chart of the GBP/USD currency pair, the green line crosses below the pink line, indicating a trend reversal.

Furthermore, the histogram phase turned from positive to negative, confirming the bearish trend.

MACD and RSI indicator settings

The figure below illustrates the adjustable parameters in the MACD and RSI oscillator settings:

• Fast EMA : Calculates the period of a fast exponential moving average
• Slow EMA : Calculate the period of the slow exponential moving average
• Signal SMA : Calculate the period of the signal line (simple moving average)
• RSI Period : RSI calculation period
• Caliber : Defines the latency level for divergent signal detection

Conclusion

The MACD and Relative Strength Index oscillator, which combines the concepts of MACD and RSI , helps identify changes in price direction and entry points.

Unlike traditional models, this trading tool calculates the RSI and then applies the MACD algorithm . As a result, market momentum behavior is presented in a simplified visual form.

The indicator can also be used on all trading markets including Forex , cryptocurrency , stocks and commodities.