Set Relative Strength Index, RSI Indicator in Chart in MetaTrader 4
This Tutorial will explain how to place the Relative Strength Index, RSI Indicator on a Chart in the MetaTrader 4 Platform. For trading analysis: Technical analysis of xauusd RSI.
How to Place Indicators in MetaTrader 4 Charts
Step 1: Open The Platform Software Navigator Window
Open Navigator window as shown & displayed below - Go to 'View' menu (then click) and then select 'Navigator' window panel (click), or From the Standard ToolBar click 'Navigator' button or press short-cut key-board keys 'Ctrl+N'
On Navigator panel, choose 'Technical Indicators', (Double Press)
Step 2: Expand Technical Indicators Menu on the Navigator
Expand the menu by pressing expand button marker (+) or double-click 'indicators' menu, after this the button will then now appear as (-) and will now be shown as a list as displayed below.
From the Above panel you can then place any trading indicator that you as a trader want onto the +trading chart.
Placing RSI on a Chart
Step 1: Choose the RSI button key on MT4 list of technical indicators as displayed below:
Step 2: Doubleclick the RSI Button, & click ok button to add the RSI on chart as shown & displayed below:
Edit Relative Strength Index Indicator Setting
To Adjust Settings, right-click in RSI, select properties settings & then edit property settings of the technical indicator using the pop-up menu that appears and then click ok butonke
The following pop up window appears & the technical technical indicator parameters can be edited from the pop up panel.
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