Place Relative Strength Index, RSI Indicator on Forex Chart on MetaTrader 4 Forex Trading Software
This Tutorial will explain how to place the Relative Strength Index, RSI Indicator on a Forex Chart in the MetaTrader 4 Platform. For technical analysis: Technical analysis of RSI.
How To Place Indicators on MetaTrader 4 Charts
Step 1: Open The Navigator Window
Open the Navigator window as shown below; Go to " View " menu (click), then select the " Navigator " window (click), or From Standard Toolbar click the "Navigator" button or press keyboard short cut keys "Ctrl+N"
On the Navigator window, select "Indicators" , (Double Click)
Step 2: Expand the Indicators Menu on the Navigator
Expand the menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below.
From the Above window you can then place any indicator that you want on the Forex chart.
Placing RSI on a Chart
Step 1: Select the RSI button on the MetaTrader 4 list of indicators as shown below:
Step 2: Double click the RSI Button, and click okay to place the RSI on the chart as shown below:
Edit Relative Strength Index Settings
To Adjust Settings, right click on the RSI, select properties and then edit the properties of the Indicator using the popup menu that appears and then click ok after changing the settings.
The following popup window appears and the indicator settings can be edited from this popup window.