The Adaptive RSI MT4 Indicator is an oscillator indicator for MetaTrader 4, designed to identify overbought and oversold conditions. It is an improved standard RSI indicator with modifications that make it highly responsive to market changes, resulting in more accurate trading signals. The signal line plotted on the additional smaller chart helps to identify potential reversal or continuation movements. High values signal overbought conditions and low values signal oversold conditions. Furthermore, it detects bullish and bearish divergences, indicating trend reversals with greater accuracy compared to the classic RSI. The indicator is customizable, making it a valuable asset for traders aiming to identify overbought and oversold conditions.

This indicator suits traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for additional confirmation of trading entries or exits.

Indicator Settings

How to Install Adaptive RSI MT4 Indicator

Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:

The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.

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