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MT4 TRUE RSI INDICATOR
The free version of this indicator allows you to scan for RSI (21) only. The full version allows you to customize which RSI periods you’d like to scan for and add up to 5 different RSI periods to scan.
The MT4 True RSI Indicator is a project I created after I got sick of manually scanning for hidden areas of overbought and oversold areas. It is constantly being improved through useful feedback from the community. From this feedback, we’ve already started building the True Stochastic Indicator.
V2 | August 2020
- Added in function to scan for multiple RSI periods (instead of just 1 period)
- Added in separate function to scan for overbought and oversold areas
- Added in function to tweak confidence level and sample size
- Added in function to show/hide table as it started to eat up quite a bit of space on the chart
- Added in feature on how far away RSI is from the True (hidden) RSI area
V1 | May 2020
- MT4 True RSI Indicator built