RSI on Moving Average Indicator in MT4
by Mehnoosh Karimi · MT4
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Summary
RSI of OBV Momentum on Bands is an MT4 indicator by Louis Wetzel priced at $399. It combines RSI, OBV momentum, and band overlays to identify momentum shifts and potential trade areas. No verified performance statistics or user rating are available, so expect to test it thoroughly on demo accounts. Cheaper and specialized alternatives exist, from VWAP anchoring to supply-demand mapping and automated EAs. Consider broker spreads, execution quality, and drawdown risk before live deployment. FxRobotEasy independently reviews all products and recommends matching tool selection to your timeframes and risk tolerance.
Retail forex traders compare RSI of OBV Momentum on Bands against alternatives to decide which tool best complements their strategy. Louis Wetzel's indicator for MT4 is pitched at $399 and aims to blend volume-based OBV momentum with RSI readings and band context to highlight momentum shifts. No verified stats or user rating are available, so empirical testing is essential. Alternatives may offer different analytical focuses, lower prices, or automation. Remember platform realities like broker rules, spread costs, slippage, and drawdown risk. FxRobotEasy independently reviews all products to provide unbiased context for trader decisions.
| Metric | RSI of OBV Momentum on BandsMain Product | Breakopedia AI Our bot | RSI on Moving Average Indicator in MT4 | Rsi OBOS On Chart MT4 | RSI Panel Pro | RSI Moving Average MT4 |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $399 | $149 | $50 | N/A | $60 | N/A |
| ROI | N/A | +136.9% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 59.0% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 63.5% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.15 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 608 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
RSI of OBV Momentum on Bands for MT4, developed by Louis Wetzel and priced at $399, attempts to synthesize on-balance volume momentum with RSI values inside a band framework to surface momentum divergences and continuation signals. Strengths include a combined-volume and oscillator approach that can filter noise when used alongside price structure, and an MT4 implementation compatible with many brokers. Weaknesses are the premium price, lack of verified performance data, and no visible user rating; buyers should not expect guaranteed results. Platform realities matter: live spreads, execution latency, and account leverage can turn a signal into a losing trade. This indicator suits traders who prefer discretionary confirmation tools, volume-sensitive swing traders, and those who can afford to demo extensively. Conservative traders should validate signals on demo accounts and use proper risk controls to manage drawdown possibilities.
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RSI of OBV Momentum on Bands is a well-conceived MT4 indicator blending volume momentum with RSI and bands, suitable for discretionary traders who value combined signals. Its $399 price and lack of verified stats or ratings mean you should demo it before live use and manage drawdown with strict sizing. Cheaper alternatives cover VWAP anchoring, supply-demand zones, and EAs offering different trade styles. FxRobotEasy bots are available as a verified alternative for those seeking automated options. Always account for broker spreads, execution quality, and rules when choosing any tool.
Whether it is worth buying depends on your strategy and budget. The indicator costs $399, runs on MT4, and combines RSI with OBV momentum inside band overlays. There are no verified performance statistics or user ratings, so test on a demo account and evaluate signal clarity, ease of use, and how it complements your entry and risk rules before purchasing.
Best alternative depends on your needs. For intraday price-level work, Multi Anchor VWAP Pro MT4 at $39 is a low-cost option. If you want automation, Goldbot One MT4 or EA Black Dragon provide EA-based alternatives. Advanced Supply Demand focuses on structural zones for swing traders. None of these have verified stats listed, so demo-testing and assessing broker suitability is essential.
Start on a demo account replicating your broker's spreads and execution. Backtest or forward-test each tool over several market conditions and instruments. Track hit rate, drawdowns, and how signals interact with your money management. Avoid using results as guarantees; since no verified stats are available for these products, use conservative position sizing until you build confidence.
While evaluating RSI of OBV Momentum on Bands and its alternatives, consider Breakopedia AI, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+136.9%
Total Return
59.0%
Max Drawdown
63%
Win Rate
608
Total Trades