Watch the testing video here:
Regular RSI Divergence Indicator
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?
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.
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