Forex RSX Histogram Indicator

Our custom developed Forex RSX Histogram Indicator. Rsx Indicator For MT4 is a momentum oscillator that highlights overbought-oversold levels in an underlying asset’s price. The indicator achieves this by comparing the location of current price in relation to where price was in the past.

The Rsx Indicator For MT4 is set to a default time frame of 14 periods. Nick Bilak claims that the Rsx is a significant improvement to the much more popular RSI oscillator. Unlike the RSI, the Rsx Indicator supposedly eliminates noise completely.

Feel free to use this indicator together with our other technical indicators (oscillators, momentum) or price action methods to maximize your trading accuracy.

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Forex RSX Histogram Indicator

The EUR/GBP 15 minute chart below displays the Forex RSX Histogram Indicator in action.

Forex RSX Histogram Indicator


Copy and paste the Forex RSX Histogram 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)

How to remove Indicator from your Metatrader Chart?

  • Select the Chart where is the Indicator running in your Metatrader 4 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

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Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit

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