RSI Crossover Alert MT5
30 USD
Demo heruntergeladen:
150
Veröffentlicht:
6 November 2019
Aktuelle Version:
1.1
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I bought this indicator, but on mobile phone it does not show which pair the alert happens. Please advise me how to fix it. Thank you
I bought this indicator, but on mobile phone it does not show which pair the alert happens. Please advise me how to fix it. Thank you
I will look about that and update the product.
Thank you.
I will look about that and update the product.
Thank you.
When will I know the result of the update. Thank you.
The Relative Strength Index (RSI) can be used in trading for various purposes:
Relative Strength Index (RSI) trading strategies:
- Scalping Strategy 1: For buy entries, traders look for instances where the price is greater than the Exponential Moving Average (EMA) 200 and an RSI crossover Buy alert is generated. Conversely, for sell entries, traders seek situations where the price is less than EMA 200 and an RSI crossover Sell alert is triggered. Quick take profit levels of 10-15 pips can be used for exit signals.
- Overbought and Oversold Levels: One common strategy using the RSI is to identify overbought and oversold levels. When the RSI reaches or exceeds the overbought level (typically above 70), it may indicate that the market is overextended and due for a potential reversal. Conversely, when the RSI drops to or below the oversold level (typically below 30), it may suggest that the market is oversold and ripe for a possible upward correction.
- RSI Divergence: Another strategy involves looking for divergences between the price and the RSI. Divergence occurs when the price makes a higher high or a lower low, but the RSI fails to confirm it with a corresponding higher high or lower low. This can signal a potential trend reversal or a weakening of the current trend, providing opportunities for entry or exit points.
- Trend Confirmation: Traders can use the RSI to confirm the prevailing trend. In an uptrend, the RSI tends to stay above 50, and during a downtrend, it typically remains below 50. Traders can look for opportunities to enter trades in the direction of the trend when the RSI confirms the trend by staying within the expected range.
- RSI Support and Resistance: The RSI can also be used to identify support and resistance levels. When the RSI repeatedly finds support around a specific level, it may act as a floor for the price, indicating a potential buying opportunity. Similarly, when the RSI encounters resistance at a particular level, it may act as a ceiling for the price, suggesting a possible selling opportunity.
- RSI Crossovers: Traders can watch for crossovers of the RSI with its moving averages, such as the 50-period or 200-period moving average. A bullish crossover occurs when the RSI moves above the moving average, indicating increasing bullish momentum. Conversely, a bearish crossover happens when the RSI drops below the moving average, suggesting increasing bearish momentum.
- RSI Range Trading: Some traders employ a range trading strategy using the RSI. They identify a specific range within the RSI values (e.g., between 30 and 70) and consider buying when the RSI is at the lower end of the range and selling when it reaches the upper end. This strategy assumes that the RSI will revert to its mean within the established range.
- RSI Breakouts: Traders can also look for RSI breakouts above or below key levels, such as 50 or previous swing highs/lows. A breakout above 50 may indicate a strengthening bullish momentum, while a breakout below 50 may suggest an increasing bearish momentum.
- Multiple Timeframe RSI Analysis: By analyzing the RSI across different timeframes, traders can gain a broader perspective on market conditions. For example, they can look for alignment or divergence of RSI signals on daily, weekly, and monthly charts to confirm trends and potential reversals.
- RSI with Price Patterns: Combining RSI with traditional price patterns, such as double tops, double bottoms, or head and shoulders patterns, can provide additional confirmation signals. When the RSI supports the pattern's signal, it enhances the validity of the pattern and may offer stronger trading opportunities.
- RSI with Trendlines: Traders can draw trendlines on the RSI to identify support and resistance levels within the indicator. The RSI trendlines can help confirm the prevailing trend, provide potential entry or exit points, and indicate potential trend reversals when broken.
Remember to thoroughly backtest and practice these strategies before implementing them in live trading, and adapt them to your individual trading style and risk tolerance.Advantages of choosing RSI Crossover Alert as your trading indicator:
v1.0 Features
v1.0 Parameters
hi ,
please i still need your help to set the setting to have arrows on curent crossover
awaiting for your response please
regards ,