RSIOMA - RSI of Moving Average momentum and signal cross (MT4)
RSIOMA computes the RSI of a Moving Average, giving a smooth momentum line with an optional signal line and color flips. It helps time pullbacks, confirm breakouts and spot divergence on MetaTrader 4.
What it shows
- Momentum bias: RSIOMA above 50 - bullish, below 50 - bearish.
- Signal cross: RSIOMA crossing its signal or zero marks a potential shift.
- Color flip: optional coloring on bias changes for quick reads.
- Divergence: price makes HH or LL while RSIOMA weakens - watch for failure.
Trade ideas
- Trend pullback: buy pullbacks when RSIOMA retests 50 and turns up with price. Mirror for shorts.
- Breakout validation: require RSIOMA to stay aligned and accelerate after the break.
- Mean reversion fade: fade late pushes only if RSIOMA snaps back through 50.
- Multi TF: higher TF bias, lower TF triggers when price and RSIOMA flip together.
Inputs that matter
- RSI period and MA period.
- Signal period and smoothing.
- Applied price and levels.
- Alerts for crosses and flips.
Suggested usage
- M5-M15: intraday timing and exit control.
- M30-H4: swing continuation and breakout checks.
- Daily+: regime bias and risk trimming.
Installation (MT4)
- Open MetaTrader 4 - File - Open Data Folder.
- Copy
RSIOMA Indicator.ex4
to MQL4/Indicators. - Restart MT4 or refresh Navigator and attach RSIOMA.
- Adjust inputs - OK.
FAQ
Does it repaint? No on closed bars.
What symbols? Any supported by MT.
Use in EAs? Yes, via iCustom
.
Disclaimer: Always test on a demo first - risk management matters.