RSO Oscillator Signal Metatrader 4 Forex Indicator

The RSO Oscillator Signal forex MT4 indicator is based on RSI and oscillates above and below the zero level.

It displays green and red bars in an easy to understand sub window below the main activity chart.

RSO values above the zero level suggest bullish price action of the currency pair and traders look to buy.

RSO values below the zero level suggest bearish price action of the currency pair and traders look to sell.

RSO suits scalpers, day traders, swing traders and position traders.

Free Download

Download the “RSO.mq4” MT4 indicator

Example Chart

The GBP/USD M15 chart below displays the RSO forex indicator in action.

Basic Trading Signals

The RSO Metatrader 4 indicator is easy to trade, even for beginners.

Buy and sell signals from this indicator goes as follows:

Buy Trade: Open buy trade when the indicator crosses and closes above the zero level from below

Sell Trade: Open sell trade when the indicator crosses and closes below the zero level from above

Exit Trade: Exit an open trade at an opposite signal or use your own preferred exit method

Download

Download the “RSO.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Variable (RSO Period) Colors, width & Style.

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

Type: Signals | Oscillator

Installation

Copy and paste the RSO.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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