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Free RSI Metatrader 4 Indicator

    This indicator is called the Free RSI indicator. It’s an advanced RSI indicator based on RSI, 3 Moving Averages and Envelope periods.

    Trading Signals

    Buy signal: Wait for all lines to cross above the green moving average line from below (bullish)
    Sell signal: Wait for all lines to cross below the green moving average line from above (bearish)

    Best signals:

    For buy: wait for a bullish cross around 30 level (oversold)
    For sell: wait for a bearish cross around 70 level (overbought)

    Use in conjunction with other indicators or trend analysis tools.


    Download the freeRSI.mq4 indicator

    Configurable Indicator Options

    RSI, MA1, MA2, MA3, EnvPeriod, EnvDeviat,…

    USD/JPY H1 Chart Example


    How to install the Free RSI custom indicator in Metatrader 4?

    • Download the freeRSI.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.