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RSI with channels

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This indicator promote new way of analyses signals from standard indicator named RSI.
Main feature of RSI is level crossing signals. Usually 30 and 70.
But it’s bad relative to real market state. That’s why i added dynamic levels for this indicator.

By this way, signals efficiency become more powerful

RSI with channels

RSI with channels

How to install RSI with channels Indicator in forex trading platform MetaTrader 4?

  • Extract the downloaded RSI with channels Indicator.zip file.
  • Go to the “File” menu in the MetaTrader 4 trading platform and click “Open Data Folder”.
  • Open the MQL4 folder and then open the Indicators folder.
  • Copy the extracted RSI with channels Indicator files into the Indicators folder.
  • Restart the MetaTrader 4 platform or refresh the indicators list by right-clicking on the “Navigator” window and selecting “Refresh”.
  • In the MetaTrader 4 platform, open the “Navigator” window (Ctrl+N) and find the RSI with channels Indicator under the “Indicators” section.
  • Drag and drop the RSI with channels Indicator onto the desired chart.
  • Adjust the indicator settings as needed and click “OK” to apply the indicator to the chart.