You can now download the ChainPrice RSI MT4 Forex Indicator for free on the AtoZ Markets indicators gallery.
Forex indicator ChainPriceRSI is based on the RSI and MA indicators. Chain Price RSI is an indicator of Trend Lines Arrow with direction to open orders.
How to trade using ChainPrice RSI MT4 indicator
- Blue Arrow, Buy = when the Arrow below level 62.
- White Arrow, Sell = when Arrow above level 38.
- Sell, when Arrow Blue, touching or passing level of 80, the price will get back down.
- Buy, when Arrow Blue, touching or passing level of 20, the price will soon turn up.
- If Arrow passing trend line (red line), from bottom to top, the price must go up, and if the Arrow over the trend line, from top to bottom, the price must fall. In other words, they must still follow the trend line (red line).
Currency Pairs: any
Trading Session: any
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “ChainPrice RSI MT4 Forex Indicator” template to apply it on the chart.
Note: This indicator was developed by Jack. AtoZ Markets does not carry any copyrights over this trading tool.