4 Period RSI Arrows Indicator for MT4
<h2><strong>Introduction to the 4 Period RSI Arrows Indicator</strong></h2>
<p>Most traders think of the RSI as a mean reversal indicator which allows them to identify reversals coming from overbought and oversold markets. However, it also has the capacity to detect momentum and trend. The 4 Period RSI Arrows Indicator is a multi-timeframe indicator based on the concept of using the RSI to detect momentum.</p>
<h2><strong>What is the 4 Period RSI Arrows Indicator?</strong></h2>
<p>The 4 Period RSI Arrows Indicator is a momentum following technical indicator which is based on the Relative Strength Index. It indicates the direction of momentum using an underlying RSI applied on multiple timeframes.</p>
<p>This indicator plots arrows pointing the direction of momentum. The arrows it plots have four different colors representing the four different timeframes it is applied on.</p>
<p><a href="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/4-Period-RSI-Arrows-Indicator-for-MT4.png"><img class="alignnone size-full wp-image-69173" src="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/4-Period-RSI-Arrows-Indicator-for-MT4.png" alt="4 Period RSI Arrows Indicator for MT4" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/4-Period-RSI-Arrows-Indicator-for-MT4.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/4-Period-RSI-Arrows-Indicator-for-MT4-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/4-Period-RSI-Arrows-Indicator-for-MT4-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/4-Period-RSI-Arrows-Indicator-for-MT4-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/4-Period-RSI-Arrows-Indicator-for-MT4-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/4-Period-RSI-Arrows-Indicator-for-MT4-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></a></p>
<h2><strong>How the 4 Period RSI Arrows Indicator Works?</strong></h2>
<p>The 4 Period RSI Arrows Indicator has an algorithm which detects momentum direction based on the RSI. Its algorithm has thresholds at levels 38 and 62. The lower trigger would be 38 wherein if the RSI value drops below 38 the indicator would detect a bearish momentum. This would trigger the indicator to plot and arrow pointing down. Inversely, the upper trigger would be 62 wherein the indicator would detect a bullish momentum if the RSI value breached above 62. In this case, the indicator would plot arrows pointing up. This algorithm is then applied on four different timeframes as selected by the user.</p>
<h2><strong>How to use the 4 Period RSI Arrows Indicator for MT4</strong></h2>
<p>The 4 Period RSI Arrows Indicator has several variables and options which traders may modify.</p>
<p><a href="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-4-Period-RSI-Arrows-Indicator-Works.png"><img class="alignnone size-full wp-image-69172" src="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-4-Period-RSI-Arrows-Indicator-Works.png" alt="How the 4 Period RSI Arrows Indicator Works" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-4-Period-RSI-Arrows-Indicator-Works.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-4-Period-RSI-Arrows-Indicator-Works-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-4-Period-RSI-Arrows-Indicator-Works-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-4-Period-RSI-Arrows-Indicator-Works-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-4-Period-RSI-Arrows-Indicator-Works-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-4-Period-RSI-Arrows-Indicator-Works-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></a></p>
<p>“atf”, “btf”, “ctf”, and “dtf” refers to the timeframe which the indicator would apply the algorithm on. This variable is in minutes. Users must convert the timeframe into minutes. For example, a 1-hour chart RSI would have an input of 60.</p>
<p>“first_RSIperiods”, “second_RSIperiods”, “third_RSIperiods”, and “fourth_RSIperiods” refers to the number of periods applied on the RSI on each timeframe.</p>
<p>“rsi_applied_price” refers to the price point on each bar used to calculate for the RSI value.</p>
<p>“shift” allows users to displace the RSI value forward or back.</p>
<p>“rsiUpperTrigger” and “rsiLowerTrigger” modifies the thresholds in which the indicator would detect momentum direction.</p>
<h3><strong>Buy Trade Setup</strong></h3>
<p><strong><em>When to Enter?</em></strong></p>
<p>Open a buy order if the arrows with different colors are in confluence pointing up indicating that the momentum on various timeframes are bullish.</p>
<p><strong><em>When to Exit?</em></strong></p>
<p>Close the trade if the indicator plots an arrow pointing down.</p>
<p><a href="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Buy-Trade.png"><img class="alignnone size-full wp-image-69171" src="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Buy-Trade.png" alt="How to use the 4 Period RSI Arrows Indicator for MT4 – Buy Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Buy-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Buy-Trade-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Buy-Trade-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Buy-Trade-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Buy-Trade-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Buy-Trade-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></a></p>
<h3><strong>Sell Trade Setup</strong></h3>
<p><strong><em>When to Enter?</em></strong></p>
<p>Open a sell order if the arrows with different colors are in confluence pointing down indicating that the momentum on various timeframes are bearish.</p>
<p><strong><em>When to Exit?</em></strong></p>
<p>Close the trade if the indicator plots an arrow pointing up.</p>
<p><a href="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Sell-Trade.png"><img class="alignnone size-full wp-image-69170" src="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Sell-Trade.png" alt="How to use the 4 Period RSI Arrows Indicator for MT4 – Sell Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Sell-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Sell-Trade-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Sell-Trade-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Sell-Trade-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Sell-Trade-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-4-Period-RSI-Arrows-Indicator-for-MT4-Sell-Trade-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></a></p>
<h2><strong>Conclusion</strong></h2>
<p>This indicator allows users to detect momentum direction using the RSI based on four different timeframes. Although this is a valuable option, most seasoned traders who trade multiple timeframes only use two to three timeframe confluences when trading. The indicator is preset to use the M5, M15, M30, and H1 charts. On the examples above, we have modified the indicator settings wherein it would use the H1 and H4 charts to find confluences. Based on the example above, confluences even between just two timeframes is already sufficient to provide a good trade signal.</p>
<p><h3><span><strong>MT4 Indicators – Download Instructions</strong></span></h3>
<p>4 Period RSI Arrows Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.</p>
<p>4 Period RSI Arrows Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.</p>
<p>Based on this information, traders can assume further price movement and adjust their strategy accordingly. <strong><a href="https://www.forexmt4indicators.com/category/forex-strategies/" target="_blank" rel="noopener noreferrer">Click here for MT4 Strategies</a></strong></p>
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<h4><strong>How to install 4 Period RSI Arrows Indicator for MT4.mq4?</strong></h4>
<ul>
<li>Download 4 Period RSI Arrows Indicator for MT4.mq4</li>
<li>Copy 4 Period RSI Arrows Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /</li>
<li>Start or restart your Metatrader 4 Client</li>
<li>Select Chart and Timeframe where you want to test your MT4 indicators</li>
<li>Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client</li>
<li>Right click on 4 Period RSI Arrows Indicator for MT4.mq4</li>
<li>Attach to a chart</li>
<li>Modify settings or press ok</li>
<li>Indicator 4 Period RSI Arrows Indicator for MT4.mq4 is available on your Chart</li>
</ul>
<h4><strong>How to remove 4 Period RSI Arrows Indicator for MT4.mq4 from your Metatrader Chart?</strong></h4>
<ul>
<li>Select the Chart where is the Indicator running in your Metatrader 4 Client</li>
<li>Right click into the Chart</li>
<li>“Indicators list”</li>
<li>Select the Indicator and delete</li>
</ul>
<h4><strong>4 Period RSI Arrows Indicator for MT4 (Free Download)</strong></h4>
<p><strong>Click here below to download:</strong></p>
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<p>La entrada <a rel="nofollow" href="https://www.forexmt4indicators.com/4period-rsi-arrows/">4 Period RSI Arrows Indicator for MT4</a> se publicó primero en <a rel="nofollow" href="https://www.forexmt4indicators.com">ForexMT4Indicators.com</a>.</p>
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