Moving Averages RSI Histogram Indicator for MT4

The Moving Averages RSI Histogram Indicator is, as the name suggests, a combination of two forex gauges: Moving Average and Relative Strenght Index (RSI), and its signals are provided in the form of a histogram.

When both indicators agree for bullish signal, histogram bars are green. Similarly, when both indicators agree for bearish signal, histogram bars are red. Yellow bars mean indecision.

That forex indicator should be rather used as a filter, than a standalone trading tool.


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