X4Period_RSI_Arrows - MetaTrader 5 Script - MT4/MT5 Resources
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The RSI oscillator, a signal indicator based on four semaphores, displays different periods on one price chart.
Trend signals occur when the RSI oscillator is in the oversold and overbought zones specified in the input parameters:
Input unit rsiUpperTrigger= 62 ; // Overbought level Input unit rsiLowerTrigger= 38 ; // Oversold level
This indicator was originally written in MQL4 and first published in the code base of mql4.com on September 19, 2007.
Figure 1. X4Period_RSI_Arrows indicator
Attachment download
📎x4period_rsi_arrows.mq5 (13.27 KB)
Source: MQL5 #2237
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