RSI vs BB MetaTrader 4 Forex indicator is the semaphore indicator with arrows based on BB and RSI.
So very often, leaving the Bollinger Bands canal the price slows down and after that it returns into the canal. If the RSI line crosses the signal level of overbought or oversold, also the price slows down and often reverses the direction immediately. Using these two conditions, we have the signals of a supposed price reversal.
It is able to track a canal breakout from within to the slowdown zone taking into account the RSI indicator, as well as conversely, from the slowdown zone into the canal with a confirmed RSI signal of the reversal. Any one of the signals (RSI or the slowdown zone) can be turned off. Also a sound alert appears if an arrow appears.
- RSIPeriod — The RSI period.
- RSIUpLevel — The top signal level of RSI.
- CrossOutside — To show the signal of the price going out of the canal.
- alerts — To turn on sound alert.
- ShowBB — Set it to “true” to display Bollinger Bands lines or “false” to hide.
- clrBB — The line color of Bollinger Bands.
- RSIDownLevel — The low signal level of RSI.
- BBPeriod — The Bollinger Bands period .
- BBDeviation — The Bollinger Bands deviation (1 or 2)
- CrossInside — To show the signal of the price return into the canal.
RSI vs BB MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
RSI vs BB - it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How To Install RSI vs BB MT4 indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4
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Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on RSI vs BB MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove RSI vs BB MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
Select the Indicator and delete
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