The Infinity RSX Forex signals indicator for Metatrader 4 provides precise buy and sell oscillator signals every day.
The indicator gives numerous trade entries during all trading sessions that works for scalping, day trading and swing trading.
It measures market’s overbought and oversold conditions and provides buy/sell signals at the same time.
With a bit of practice, inexperienced and experienced traders can better tweak the Infinity RSX Forex signals indicator to make it run smoother (see NZDJPY M30 chart below).
Trend signals from the Infinity RSX Forex signals indicator
- The lime-green and orange lines break above the 50.00 horizontal depicting the start of an uptrend.
- The lime-green and orange lines break below the 50.00 horizontal depicting the start of a downtrend.
Tip: Trading the Ichimoku Kinko Hyo MT4 indicator together with the Infinity RSX Forex signals indicator creates a great trading strategy.
In this case:
- A buy trend takes place when the sandy-brown Ichimoku Kinko Hyo indicator cloud is aligned somewhat below the price bars, while the lime-green and orange lines of the Infinity RSXForex signals indicator break above the 50.00 horizontal level.
- A sell trend takes place when the thistle Ichimoku Kinko Hyo indicator cloud is aligned somewhat above the price bars, while the lime-green and orange lines of the Infinity RSXForex signals indicator break below the 50.00 horizontal level.
Download This MT4 Forex Indicator Free
Download the “adaptive-rsx-mtf-indicator.ex4” Metatrader 4 indicator
Infinity RSX Forex Signals Indicator Chart
Below is an example of how the indicator should appear when added onto the Metatrader 4 chart.
Traders are free to adapt this indicator on a cross section of forex pairs and time frames of their preference.
Finding Buy and Sell Triggers With The Infinity RSX Forex Signals Indicator
Below is an example of how to buy and sell forex pairs with this technical indicator:
Buy Trigger: Open a buy trade when the Infinity RSX Forex indicator’s lime-green and orange lines break above the 50.00 horizontal level.
Place stop loss below immediate pullback, or use your own stop loss placement method.
Close the buy trade at the instance the orange line segment dips below the 50.00 horizontal level on the activity chart.
Alternatively, exit the buy trade for a fixed take profit target, for example, 60 pips on the 30-minute trading chart.
Sell Trigger: Open a sell trade order when the Infinity RSX Forex indicator’s lime-green and orange lines break below the 50.00 horizontal level.
Place stop loss above immediate pullback, or use your own stop loss placement method.
Close the sell trade at the instance the orange line segment surges above the 50.00 horizontal level on the activity chart.
Alternatively, exit the sell trade for a fixed take profit target, for example, 20 pips on the 5-minute day trading chart.
Download This Forex Indicator Now
Download the “adaptive-rsx-mtf-indicator.ex4” MT4 indicator
Adjustable Parameters
Time frame to use, adaptive period, adapting “speed”, price to use, price pre-filtering period, filter speed, should filter be adaptive?, signal line period, signal line type, RSX calculation depth (min 1, max 15), RSX calculation “speed”, invert the rsx value, turn alert on, alert on signal cross, alert on slope direction change?, alert on current (still opened) bar?, alert should show popup message?, alert should send push notification?, alert should send an email, alert should play a sound?, alert sound file, interpolate in multi-time frame mode?.
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (Relative Strength Index, Stochastic Oscillator, Moving Average of Oscillator,….)
- Trend indicators (Bollinger Bands, Ichimoku Kinko Hyo, EMA,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: oscillator
Installation
Copy and paste the indicator in the MT4 indicators data folder (click on ‘File > Open Data Folder’).
Right click within the MT4 terminal Navigator window to refresh or restart the terminal and add the indicator to any chart.
