This indicator is Oscilator type indicator...I have it all the time on chart.
There are two files needed for MT4 in Experts=>indicators folder...Only
MA_of_RSX with alert goes to the chart...(for clarity, bulish-bearish colors I set to none). I need MT5 version, please.
For me, the best MetaTrader indicator I've ever tried was Average True Range (ATR) - a standard indicator for displaying the average trading range for the given period. Although, it can't be used for Forex trading signals, it's a perfect thing for position sizing and stop-loss calculation...
Discuss Candle Wicks Length Display indicator (displays lengths of candlestick wicks directly on the chart if they exceed a given limit) for MT4 and MT5 in this thread. You can ask any questions about this indicator here.