Summary of 📊 MARSICD Composite Indicator for MT4/5 Download – Free – [TradingFinder]
The video presents the MARSICD Composite Indicator, an advanced trading tool available for download on the TradingFinder website for MetaTrader 4 and MetaTrader 5 platforms. This indicator enhances the traditional RSI by incorporating both the RSI and a complementary RSI (100 minus RSI), allowing for more specialized market analysis.
Main Financial Strategies and Market Analyses:
- Trend Identification:
The indicator uses thick green and red lines (ESMO lines) to represent the classic RSI (RSIA) and complementary RSI (RSIR).- When the green line (RSIA) is above the red line (RSIR), it signals an upward price trend.
- When the red line is above the green line, it signals a downward trend.
- Momentum Measurement:
A histogram above or below zero visualizes momentum strength:- Histogram bars above zero (green line above red) indicate positive momentum.
- Histogram bars below zero (red line above green) indicate negative momentum.
- A dashed smooth line overlays the histogram to show smoothed momentum values, helping to assess trend strength more clearly.
- Divergence Detection:
Traders can identify positive and negative divergences between price and momentum using this indicator, aiding in forecasting potential trend reversals.
How to Use the Indicator (Step-by-Step):
- Download the MARSICD Composite Indicator file from the TradingFinder website for MT4 or MT5.
- Open the MetaTrader platform and locate the indicator in the Navigator section.
- Drag and drop the indicator onto the desired chart.
- Observe the oscillator window appearing below the price chart, displaying:
- Thin green and red lines (RSI and complementary RSI).
- Thick green and red ESMO lines representing smoothed RSI values.
- Histogram bars showing momentum and trend direction.
- A dashed smooth line indicating smoothed histogram values.
- Use the relative positions of these lines and the histogram to analyze market trends, momentum, and divergences.
Presenters / Sources:
- The tutorial is provided by the TradingFinder team, as indicated in the video and on their website.
Category
Business and Finance