Step 1.
create Simple RSI Value file in expert folder and
Step 2. copy paste code given below on your Simple RSI Value file :
//code start
void OnTick()
{
//create a string variable for the signal
string signal="";
//calculate the RSI value
double RSIValue = iRSI(_Symbol,_Period,14,PRICE_CLOSE,0);
//if the RSI value is below 20
if (RSIValue<20)
{
//create a sell signal
signal ="buy";
}
//if the RSI value is above 80
if (RSIValue>80)
{
//create a sell signal
signal = "sell";
}
//screen output
Comment ("RSIValue: ",RSIValue, "\n","signal:",signal);
}
//+------------------------------------------------------------------+
//code end
Step 3.
Now open MT4 and go to :
Insert >> Indicator >> Oscillator >> Relative Strength Index
Step 4.
Now open MT4 and go to :
Charts >> Template >> save template >> save file as tester.tpl.
Step5.
Now open MT4 and go to :
View >> strategy test :
set your symbol
Use date
Visual Mode
Start
Step6.
View signal on left side on top in your chart.
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