RSI Arrow Indicator for MetaTrader 5 – Free Download | Forex Indicator Download – MT4/MT5 Resource

On July 6, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The RSI Arrow Indicator is an analytical tool based on the Relative Strength Index (RSI) , designed to display trading signals in the form of arrows within an oscillator window.

This MT5 indicator connects the RSI line with the moving average signal line.

The intersection of these two curves serves as the basis for issuing entry and exit signals , as well as identifying overbought and oversold zones .

RSI Arrow Indicator Table

The general specifications of the RSI Arrow Indicator are as shown in the following table:

Indicator Overview

The RSI Arrow Indicator is a practical tool for technical analysis that uses blue and red arrows to indicate entry and exit points as well as overbought and oversold areas, as shown below:

• Blue Arrow : Occurs when RSI exits below the 30 level and crosses above the EMA line;
• Red Arrow : Occurs when the RSI exits the 70 level and crosses below the EMA line.

Uptrend Conditions

The chart below shows XAU/USD (Gold) over a 30-minute period.

In this chart, the RSI exits oversold territory and crosses the moving averages, indicating a trend reversal as well as the beginning of an uptrend .

At the same time, a blue arrow appears confirming the bullish move and providing a suitable buy signal .

downtrend conditions

The chart below shows the NZD/JPY currency pair on the 4 hour time frame.

A sell signal produces an EMA below when the RSI crosses and a red arrow appears.

This situation indicates an overbought zone and suggests appropriate horizontal short positions .

RSI Arrow Indicator Settings

The image below shows the settings panel RSI Arrow Indicator :

• RSI Period : RSI calculation period;
• EMA Period : exponential moving average period;
• Applied Price : The applied price type;
• Offset : Timeshift.

Conclusion

The RSI Arrow Indicator is a functional technical analysis tool that combines RSI and EMA to provide buy and sell signals using red and blue arrows.

This binary oscillator is effective in detecting reversal points and identifying overbought and oversold levels .