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RSI Filtered Forex Indicator

    An easy to use Forex trading indicator for Metatrader 4 based on RSI + filter. The indicator shows up in a sub window below the main MT4 trading chart.

    Feel free to experiment with the RSI period values.

    I prefer to use values above 25. This reduces the amount of false signals.

    You can use the RSIFilter with an overbought/oversold oscillator (for example the Stochastic oscillator) for more accurate entry and exit signals.

    Trading Signals

    Buy signal: Wait for the RSI filter to turn orange from blue color.

    Sell signal: Wait for the RSI filter to turn blue from orange color.

    Indicator Preferences

    Currency pairs: any

    Time frames: any

    Trading sessions: any


    Download the RSIFilter.mq4 indicator.

    Configurable Indicator Options

    Colors, RSI period,…

    EUR/USD H1 Chart Example


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

    • Download the RSIFilter.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.