RSI and Moving Average Trend Indicator
Info
The RSI and Moving Average Trend Indicator is a Indicator for MetaTrader 4 that this indicator identifies potential trading entry points by analyzing the interaction between two moving averages and one rsi indicator. Indicator Settings:- fastema: The averaging period for the fast moving average calculation.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 RSI and Moving Average Trend Indicator
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
This indicator identifies potential trading entry points by analyzing the interaction between two moving averages and one RSI indicator.
Typical Use Case
This Indicator excels in trend following 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: Zero Lag Moving Average - another powerful indicator for MetaTrader 4 traders.
This indicator identifies potential trading entry points by analyzing the interaction between two moving averages and one RSI indicator.Also recommended: dynamic moving average - similar indicator with strong performance on MetaTrader 4.
Indicator Settings:
- fastema: The averaging period for the fast moving average calculation.
- slowema: The averaging period for the slow moving average calculation.
- rsiperiod: The averaging period for the RSI calculation.
- shift: Offsets the indicator value by a specified number of periods. A recommended value of 1 is used to avoid false signals that can occur on the current, unfinished bar (shift value of 0).
- alerts: Enables a dialog box to display user data.
- text_buy: Custom text to display for buy signals.
- text_sell: Custom text to display for sell signals.
- send_notification: Sends push notifications to mobile terminals specified in the 'Notifications' tab.
This indicator was also utilized in the development of a trading robot.
This tool was last updated in 2026.
You may also like: moving average of oscillator (osma) - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_color1 blue
#property indicator_color2 red
#property indicator_color3 blue
#property indicator_color4 red.......
⚠ 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.