The Advanced MTF RSI plots three RSI periods (7, 14, 28) plus a thick average line in a separate window, so one composite line smooths out the whipsaws a single RSI throws around the midline. Also, alerts fire when the average crosses the 30 oversold or 70 overbought thresholds.
For more like this, browse the more oscillators indicators for forex or jump to the full free MT4 and MT5 indicators.
What the Advanced MTF RSI Indicator does on the chart
The Advanced MTF RSI plots three RSI periods (7, 14, 28) in a separate window plus a thick yellow average line. Also, the fast RSI reacts first, the slow RSI gives context, and the average smooths the three into one composite momentum read.
Alerts fire when the average line crosses the oversold (30) or overbought (70) thresholds, which cuts the false signals a single RSI throws around the midline in choppy markets.
Key features and settings
- Three RSI periods on one pane (7 / 14 / 28)
- Thick yellow average line as the composite signal
- BUY alert when the average crosses below oversold
- SELL alert when the average crosses above overbought
- All three periods configurable
- Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels toggle independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
- Built for both MT4 and MT5; works on every timeframe and every symbol your broker offers.
- Lightweight code that does not slow down the chart.
| Setting | Description | Default |
|---|---|---|
RsiFast |
Fast RSI period | 7 |
RsiMid |
Mid RSI period | 14 |
RsiSlow |
Slow RSI period | 28 |
OverBought |
Overbought threshold | 70 |
OverSold |
Oversold threshold | 30 |
EnableAlerts |
Master toggle for the alert system | true |
EnablePopup |
MT4/MT5 popup dialog on signal | true |
EnablePushNotify |
Mobile push notification (configure MetaQuotes ID first) | false |
EnableEmail |
SMTP email (configure Tools -> Options -> Email) | false |
EnableSound |
Play .wav from MT4/Sounds on signal | false |
How to read signals from the Advanced MTF RSI Indicator
Watch the thick yellow average; the thin lines are context for how aligned the periods are.
Entry idea (long). Wait for the average to dip below 30 and curl up.
Entry idea (short). Wait for the average to spike above 70 and curl down.
In practice, Exit idea. Exit at the 50 midline or the opposite extreme.
Tuning the Advanced MTF RSI Indicator inputs
Start with the defaults, then tune for your market. RsiFast (default 7) sets the averaging length — raise it for smoother, slower signals or lower it for faster, more sensitive ones; RsiMid (default 14) tunes how the calculation behaves; RsiSlow (default 28) sets the averaging length — raise it for smoother, slower signals or lower it for faster, more sensitive ones. Also, still, every alert channel — pop-up, sound, email and mobile push — toggles independently in the same inputs panel, and alerts fire once per closed bar.
Recommended timeframes and instruments
Advanced MTF RSI Indicator is a momentum tool, so match the timeframe to your holding period.
- M15 to H1 for intraday momentum entries.
- H4 to Daily for swing signals and divergence.
As a result, on M1 to M5 the readings turn faster and noisier, so confirm with price structure. Thus, common pairs are EURUSD, GBPUSD, AUDUSD and XAUUSD.
How to install on MT4 and MT5
Installation is the same for every indicator on this site. Also, still, hence, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.
Best practices and tips
- Do not fade momentum in a strong trend; overbought can stay overbought.
- Favour signals that align with the higher-timeframe direction, and watch for divergence against structure.
- Wait for the bar to close before acting on a signal.
- Backtest your configuration on at least 200 closed bars before trading live.
- Keep position sizing small while you learn how the tool behaves on your instrument.
- Review your results weekly and prune settings that underperform.
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Related on forexmt4systems.com: RSI Scalping Strategy for GBPUSD on H1.
Built by forexmt4systems.com
Typically, this This indicator is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Then, every tool ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files, a 4-channel alert system (popup + mobile push + email + sound), and is loaded on EURUSD H1 before release to confirm it draws cleanly without repainting. The same one-step email opt-in below unlocks the entire library – not just this one indicator.
FAQ
What does the Advanced MTF RSI measure?
It plots a clear signal layer that the Advanced MTF RSI computes from recent price and volume on the chart.
Is the tool non-repaint?
By default the indicator only confirms a signal on the bar close, so the printed signal locks in once that bar closes. Thus, yet, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.
Which timeframe should I use?
There is no single best timeframe. Also, hence, truly, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.
Does it work on instruments other than forex?
It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. In addition, fast-moving instruments may need a smaller period setting.
Can I add alerts?
Yes. Next, plainly, Pop-up, sound, push, and email alerts live in the inputs panel. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Also, it ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. Then, you toggle each channel independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Also, still, yet, still, alerts trigger once per closed bar.
For external background reading, see the technical indicator basics. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the indicator as one input. Always backtest before trading live.
Category: this is part of our Oscillators collection. Thus, browse more Oscillators for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- For background on this concept, see RSI at Investopedia.
- For broader market context, see the Corporate Finance Institute resource library.