The Relative Strength Index, or RSI oscillator, is a very old indicator however it is still one of the most popular. With the MT4 RSI Multi Time Frame you can see in one table the status of the oscillator in all the time frames. This is helpful when you want to have a better understanding of the overall price situation.
What Is The MT4 RSI Multi Time Frame Indicator
The RSI Multi Time Frame is a great indicator to see the overall trend of an instrument.
With this indicator you can see in one chart the status of the oscillator in all the time frames.
The indicator has a simple table where for each time frame you can see if the pair is overbought or oversold.
Why Is The MT4 RSI Multi Time Frame Useful
When you check the RSI of the price in Metatrader you usually see it in a specific time frame.
It is almost always useful to see what is the status in different time frames to have a better understanding of the situation.
If for example you check the trend in a H1 chart this can look oversold. However, checking the same in a D1 chart this seems overbought.
MT4 RSI Multi Time Frame allows you to see in a single place the relative strength index status in all the time frames.
You can simplify your visual and know if an asset or pair is overall overbought or oversold.
You can use this indicator to improve your entry and exit signal decisions.
The indicator also includes a feature to alert you if the trend changes.
How To Download And Use The RSI Multi Time Frame Indicator
You can Download the Indicator with the link at the bottom of this page and install it following the below instructions.
The DEMO version only works on the AUDNZD pair.
The installation is very easy to perform, same is the use.
Once you run the Indicator you can set the necessary parameters.
MT4 RSI Multi Time Frame Installation
To install the indicator please follow the instructions below:
- Download the indicator file
- Open the Metatrader Data Folder (In File > Open Data Folder)
- Open the MQL4 Folder
- Copy the file in the Indicators
- Restart Metatrader
For more detailed instruction on how to perform the installation please visit this article.
Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.