rs i monitor
Info
The rs i monitor is a Indicator for MetaTrader 4 that if you trade with rsi indicator, here is another way to use it. this indicator will draw a small panel that shows all rsi values on all timeframes and will alert you when the price enters the oversold, overbought zones.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use rs i monitor
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
if you trade with rsi indicator, here is another way to use it.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: time out indicator: monitor quote delivery delays - another powerful indicator for MetaTrader 4 traders.
if you trade with rsi indicator, here is another way to use it. this indicator will draw a small panel that shows all rsi values on all timeframes and will alert you when the price enters the oversold, overbought zones.
Also recommended: prop firm risk monitor and auto-lot calculator for metatrader 4 - similar indicator with strong performance on MetaTrader 4.
update: v1.01 (09/07/2015)added: daily, weekly, monthly timeframe.
fixed: minor bug fixes.
features:
change panel style.
change panel direction.
change rsi settings.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "2.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict
#property indicator_chart_window
enum enum_rsi_type
{
rsi_standard = 0, // standard rsi.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.