How do I install this Indicator on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 4?

Yes, this Indicator is built specifically for MetaTrader 4.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Trend Indicator with RSI and Moving Average Envelopes Indicator for MetaTrader 4

MetaTrader 4 indicator

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Trend Indicator with RSI and Moving Average Envelopes

Info

The Trend Indicator with RSI and Moving Average Envelopes is a Indicator for MetaTrader 4 that trend indicatorinput parameters:timeframe = 60the period of the diagram can be any of the following sizes: 1 - 1 minute; 5 - 5 minutes; 15 - 15 minutes; 30 - 30 minutes; 60 - 1 hour; 240 - 4 hours; 1440 - 1 day; 10080 - 1 week; 43200 - 1 month; 0 (zeroes) - period of the current chart. RSI = 5Period of RSI indicator.

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 Trend Indicator with RSI and Moving Average Envelopes

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

Trend IndicatorInput Parameters:Timeframe = 60The period of the diagram can be any of the following sizes: 1 - 1 minute; 5 - 5 minutes; 15 - 15 minutes; 30 - 30 minutes; 60 - 1 hour; 240 - 4 hours; 1440 - 1 day; 10080 - 1 week; 43200 - 1 month; 0 (zeroes) - period of the current chart.

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: B Bands Psar Indicator - another powerful indicator for MetaTrader 4 traders.

Trend Indicator

Input Parameters:

Timeframe = 60
The period of the diagram can be any of the following sizes: 1 - 1 minute; 5 - 5 minutes; 15 - 15 minutes; 30 - 30 minutes; 60 - 1 hour; 240 - 4 hours; 1440 - 1 day; 10080 - 1 week; 43200 - 1 month; 0 (zeroes) - period of the current chart.

Also recommended: Fast Stochastic Indicator - similar indicator with strong performance on MetaTrader 4.

RSI = 5
Period of RSI indicator.

Applied_RSI = 0
The used price. There can be any of price constants: 0 - close price; 1 - open price; 2 - high price; 3 - low price; 4 - average price, (high+low) /2; 5 - typical price, (high+low+close) /3; 6 - weighted price of closing, (high+low+close+close) /4.

MA = 50
Period of moving average indicator.

Method_MA = 0
A method of averaging. Can be any of meanings of methods sliding average (moving average): 0 - simple moving average; 1 - exponentially smoothed moving average; 2 - smoothed moving average; 3 - linearly weighted moving average.

Koridor = 5
A threshold of an envelope.

You may also like: rsar korsar indicator: a comprehensive guide - excellent alternative for indicator users on MetaTrader 4.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_separate_window
#property indicator_buffers  6
#property  indicator_color1  yellow
#property  indicator_color3  aqua
#property  indicator_color4  aqua
#property  indicator_color5  lime
#property  indicator_color6  red
#property  indicator_width1  3

.......

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⚠ 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.