Now go to the left side of your MT4 terminal. You can gain access to this folder by clicking the top menu options, which goes as follows:įile > Open Data Folder > MQL4 > Indicators (paste here). MBFX Timing Indicator How to set up the RSI Color indicator in MT4?Ĭopy and paste the color-rsi.ex4 or color-rsi.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Feel free to experiment with the settings and parameters to fit your personal preferences. ![]() The default settings can be modified directly from the input tab. The indicator is displayed in a separate window placed just below the main trading chart. It fits all kinds of timeframes and currency pairs. You will also find buy/sell arrows which are displayed when the oscillator reaches these levels. ![]() It has an additional feature that colorizes the oscillator line when it hits the overbought/oversold area. The RSI Color indicator is a custom Relative Strength Index indicator.
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