rsi c c i div
Info
The rsi c c i div is a Script for MetaTrader 4 that indicator operation principle the arrows are drawn in the following case: buy: rsi is higher than the upper level (determined by rsilowerlevel). with the default settings - above 40.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use rsi c c i div
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
indicator operation principle the arrows are drawn in the following case: buy: rsi is higher than the upper level (determined by rsilowerlevel).
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: notches indicator - another powerful script for MetaTrader 4 traders.
indicator operation principle
the arrows are drawn in the following case: buy: rsi is higher than the upper level (determined by rsilowerlevel). with the default settings - above 40. cci is below the lower level. with the default settings - below -200 if checklastrsizone is enabled, then the last overbought/oversold zone of the rsi is checked by the (rsilowerlevel_2) level. if reversersizone=false, for the arrow to appear, the last zone to be above the upper level, with the default settings - above 70. if reversersizone=true, the last value of rsi must be a value lower than the lower level, with the default settings - below 30. sell: similarly, but in reverse.
Also recommended: high n indicator - similar script with strong performance on MetaTrader 4.
indicator parametersrsiperiod - rsi period.rsiprice - rsi price: 0-close, 1-open, 2-high, 3-low, 4-median, 5-typical, 6-weighted.rsilowerlevel - the lower level of rsi, the upper level is defined as 100-rsilowerlevel. rsi below the lower level is considered a bearish trend, above the upper level - bullish.rsilowerlevel_2 - the lower level of rsi, used for determining the last overbought or oversold zone. the upper level is defined as 100-rsilowerlevel_2.checklastrsizone - check the last overbought/oversold zone of rsi.reversersizone - reverse the last overbought/oversold zone of rsi.cciperiod - cci periodcciprice - cci price: 0-close, 1-open, 2-high, 3-low, 4-median, 5-typical, 6-weighted.ccilevel - the upper level of cci. the lower level is equal to - ccilevel.
You may also like: automated economic calendar trading advisor - excellent alternative for script users on MetaTrader 4.
⚠ 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.