Regular RSI Divergence Indicator

Regular RSI Divergence for MetaTrader 4

Introduction to the Regular RSI Divergence Indicator

The Regular RSI Divergence indicator is a custom forex indicator based on the Relative Strength Index (RSI). It displays its signals in the form of histogram bars.

It fits all kinds of timeframes and currency pairs.

The indicator is displayed in a separate window placed just below the main trading chart.

The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the Regular RSI Divergence indicator in MT4?

Installation Guide

Copy and paste the regular-rsi-divergence.ex4 or regular-rsi-divergence.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Regular RSI Divergence indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.

Regular RSI Divergence Indicator Free Download

To download the Regular RSI Divergence Indicator for Metatrader 4 (MT4) for free just click the button below:

Regular RSI Divergence Indicator Free Download

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