MACD RSI Oscillator for MT4 Download – Free – [TradingFinder]

The MACD RSI Indicator is a combined oscillator designed to detect divergences and provide momentum and trend based signals in technical analysis. This MT4 currency strength indicator uses histogram bars, Fast EMA, and Slow EMA lines to indicate optimal trade entry and exit points.

MACD and RSI Oscillator Specifications Table

Below is a table summarizing the features and specifications of the MACD and RSI indicators:

Buy Position

Based on the 30-minute chart analysis of the AUD/USD currency pair, the green line crosses above the pink line. Simultaneously, histogram volume decreases in the negative phase and increases in the positive phase.

In such a setup, the histogram phase change point becomes a substantial entry opportunity for a buy position after the line crossover signal.

Sell Position

On the 1-hour chart of the GBP/USD pair, the green line crosses below the pink line, indicating a trend reversal.

In addition, the histogram phase shifts from positive to negative, confirming the bearish trend.

MACD and RSI Indicator Settings

The image below illustrates the adjustable parameters in the MACD and RSI oscillator settings:

• Fast EMA: Period for calculating the fast exponential moving average
• Slow EMA: Period for calculating the slow exponential moving average
• Signal SMA: Period for calculating the signal line (simple moving average)
• RSI Period: Calculation period for the RSI
• Caliber: Defines the delay level for divergence signal detection

Conclusion

The MACD and Relative Strength Index oscillator, by integrating the concepts of MACD and RSI, facilitates the identification of price direction changes and entry points.

Unlike traditional models, this trading tool calculates the RSI and then applies the MACD algorithm. As a result, market momentum behavior is presented in a simplified visual form.