Skip to content

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

Download the freeRSI.mq4 indicator

Configurable Indicator Options

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

USD/JPY H1 Chart Example

free-rsi-metatrader4-indicator

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.