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RSI of OBV Momentum on Bands (MT4) — review, price and free alternatives
MT4 indicator$399 on MQL5by Louis Wetzel
RSI of OBV Momentum on Bands is a MetaTrader 4 indicator by Louis Wetzel, sold on the MQL5 Market for $399. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
RSI of OBV Momentum on Bands — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Louis Wetzel
- Price
- $399
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded RSI of OBV Momentum on Bands on a live account and publishes no broker-verified performance record for it.
Last updated
Before you buy RSI of OBV Momentum on Bands
What the developer claims
- This design gives traders a high-resolution view of volume-driven momentum shifts, RSI compression zones, and breakout thresholds — all within a clean, audit-friendly subwindow.
- Shortname displays indicator values in downloaded file.
Quoted from the listing. We have not tested these claims.
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on RSI of OBV Momentum on Bands
Compiled from its public MQL5 listing. FxRobotEasy has not traded RSI of OBV Momentum on Bands; what these notes say about how it works comes from that listing.
Overview
Louis Wetzel implemented the indicator for MT4 with an audit-friendly subwindow that displays shortname values and logs signals for external verification.
What makes RSI of OBV Momentum on Bands unique is its layered confirmation logic. OBV identifies volume-driven pressure, Momentum times the acceleration of price moves, and RSI highlights compression or divergence inside adaptive bands. The algorithm calculates band thresholds dynamically, reducing static parameter drift and allowing more consistent thresholds across different instruments. In practice, the indicator performs best on liquid FX majors and indices where volume and momentum signals align. Risk management is built into the signal rules with explicit band breakout validation and configurable stop placement. Expected performance characteristics include moderate trade frequency, emphasis on mid-term momentum swings, and measurable improvements in signal precision versus single-indicator setups. For transparency, the indicator records values in exported logs, enabling traders to reproduce Louis Wetzel’s claims on MT4.
Risk notes
Risk profile for RSI of OBV Momentum on Bands is moderate when used with recommended settings and position sizing. The indicator itself does not place stops, so traders should implement fixed stop loss rules tied to band width or ATR multiples. Position sizing should follow a percentage risk model, typically 0.5-2% of account equity per trade depending on volatility. Vulnerabilities include low-volume instruments and news-driven spikes that can violate band thresholds and generate false breakouts.
Listed strengths
- Triple-confirmation reduces false signals
- Adaptive bands adjust to changing volatility
- Exportable values enable external audit
- Works efficiently on MT4 with low overhead
- Improves timing versus single-indicator setups
Worth checking
- Requires calibration for low-volume instruments
- No built-in automated order placement
- Performance varies across timeframes
- Depends on broker execution quality
Setup
Install the MAQ or EX4 file into the MT4 indicators folder and restart MT4 to load RSI of OBV Momentum on Bands. Attach the indicator to charts and enable the shortname display to see exported values for auditing. Key parameters to configure include sensitivity, band multiplier, and momentum lookback; begin with default settings and adjust incrementally. Use brokers with low spread ECN or STP pricing for cleaner signals. Optimal chart timeframes are H4 and Daily for stable volume-momentum relationships. Always test on a demo account and run forward testing for at least 60 trading days before live deployment.
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RSI of OBV Momentum on Bands or Trendopedia AI?
| RSI of OBV Momentum on Bands | Trendopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($399) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Louis Wetzel | FxRobotEasy |
RSI of OBV Momentum on Bands — questions
What is RSI of OBV Momentum on Bands?
RSI of OBV Momentum on Bands is a MetaTrader 4 indicator published on the MQL5 Market by Louis Wetzel, priced at $399 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
What strategy does RSI of OBV Momentum on Bands use?
What makes RSI of OBV Momentum on Bands unique is its layered confirmation logic. OBV identifies volume-driven pressure, Momentum times the acceleration of price moves, and RSI highlights compression or divergence inside adaptive bands. The algorithm calculates band thresholds dynamically, reducing static parameter drift and allowing more consistent thresholds across different instruments. In practice, the indicator performs best on liquid FX majors and indices where volume and momentum signals align. Risk management is built into the signal rules with explicit band breakout validation and configurable stop placement. Expected performance characteristics include moderate trade frequency, emphasis on mid-term momentum swings, and measurable improvements in signal precision versus single-indicator setups. For transparency, the indicator records values in exported logs, enabling traders to reproduce Louis Wetzel’s claims on MT4.
Does RSI of OBV Momentum on Bands work on MT4 or MT5?
RSI of OBV Momentum on Bands runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does RSI of OBV Momentum on Bands cost?
RSI of OBV Momentum on Bands is a paid product listed at $399 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-14. It is sold and downloaded through the developer's (Louis Wetzel) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for RSI of OBV Momentum on Bands?
FxRobotEasy has not traded RSI of OBV Momentum on Bands on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for RSI of OBV Momentum on Bands elsewhere comes from its developer or from a third party.
How is RSI of OBV Momentum on Bands installed and set up?
Install the MAQ or EX4 file into the MT4 indicators folder and restart MT4 to load RSI of OBV Momentum on Bands. Attach the indicator to charts and enable the shortname display to see exported values for auditing. Key parameters to configure include sensitivity, band multiplier, and momentum lookback; begin with default settings and adjust incrementally. Use brokers with low spread ECN or STP pricing for cleaner signals. Optimal chart timeframes are H4 and Daily for stable volume-momentum relationships. Always test on a demo account and run forward testing for at least 60 trading days before live deployment.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.