This indicator considers only cooperative movements of aggressive and cautious players (high and low).
Of course, the turning shapes of this indicator merit to be trusted to a larger extend.
MT4 Indicator Download – Instructions
RZI is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
RZI provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install RZI.mq4?
- Download RZI.mq4
- Copy RZI.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on RZI.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator RZI.mq4 is available on your Chart
How to remove RZI.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: