Introduction to the ATM RSI Lido Forex Indicator
The ATM RSI Lido Forex Indicator is partially based on the Relative Strenght Index (RSI). It provides a blue line along with light dots. These dots are higher or lower depending on the corresponding bearish or bullish candlesticks. One can easily connect the dots to draw a trendline.
The ATM RSI Lido Forex Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the ATM RSI Lido Forex indicator in MetaTrader (MT4)?
Download the ATM RSI Lido.rar archive at the bottom of this post, unpack it, then copy and paste the ATM RSI Lido.ex4 or ATM RSI Lido.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The ATM RSI Lido Forex indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 ATM RSI Lido Indicator
To download the ATM RSI Lido Forex Indicator for Metatrader 4 (MT4) for free just click the button below: