RSI Slowdown Buy Sell Signals Metatrader 4 Forex Indicator

The RSI Slowdown Buy Sell Signals forex MT4 indicator draws buy (blue) and sell (red) arrows in oversold and overbought areas when the price starts to slowdown.

For reliable buy and sell trading signals, use this indicator together with a good trend-following indicator.

This indicator is useful for scalpers, day traders, swing traders and position traders on any currency pair.

Free Download

Download the “RSI_Slowdown.mq4” MT4 indicator

Example Chart

The EUR/CHF M30 chart below displays the RSI Slowdown Buy Sell Signals forex indicator in action.

Basic Trading Signals

Trading signals from the RSI Slowdown B/S indicator are simple to interpret and goes a follows:

Buy Trade: Open buy trade when the indicator displays a blue arrow

Sell Trade: Open sell trade when the indicator displays a red arrow

Tip: Add a longer period moving average (SMA or EMA type) to the trading chart and trade in the overall direction of the trend indicated by the moving average.

Trend up? Only trade RSI Slowdown buy signals and avoid its sell signals

Trend down? Only trade RSI Slowdown sell signals and avoid its buy signals

Download

Download the “RSI_Slowdown.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Variable (RSI Period, Signal Level Max, Signal Level Min, Seek Slowdown, Type graph, Alerts) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Divergence

Installation

Copy and paste the RSI_Slowdown.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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