Requirements
MT4 - MetaTrader 4
Version 4.00 Build 1360 or greater

December 20, 2022
Download Advanced Step RSI (by mladen) cQ-Indicators Version for MT4

The Advanced Step RSI Indicators (coded by mladen) can be used as a confirmation or exit indicator or both. You can try using one indicator for confirmation and the other for exit (using different parameters of course).

The indicator uses three RSI indicators that operate at different lengths (Steps), to draw dots on the screen to signify when a possible buy or sell entry point has occured. This version of the indicator includes some 50 different modes from which the printing of dots on the screen are determined. For example one of these modes is the "Fast AB Medium and Medium AB Slow" mode. In this mode an UP dot is drawn when the Fast RSI is above Medium RSI and the Medium RSI is above the Slow RSI. It is the opposite for the drawing the down Dot.

It also includes "Zero Level" and "Slope" modes as well. There are three parameters for reducing any possible noise by increasing the distance between the RSI levels and the zero level as well as increasing the distance between the RSI levels themselves.

I've also added a few more non-RSI indicators but they're oscillators none the less: Demarker, RVI, and Stochastic. These will give you a different response.