Hey brand new to trading cant believe ive found a massive community. Any way I can set up MT5 so that I get an alert when a currency pair reaches certain parameters? For example RSI value of 90 or above?
Go to the CodeBase to find the indicators, for example:
RSI Monitor with alerts - indicator for MetaTrader 4 :
If you trade with RSI indicator, here is another way to use it. This indicator will draw a small panel that shows all RSI values on all timeframes and will alert you when the price enters the Oversold, Overbought zones.
or use search to find RSI alert indicators for example.
Forum on trading, automated trading systems and testing trading strategies
Something Interesting in Financial Video April 2014
Sergey Golubev, 2014.04.21 17:09
Something Interesting to Read March 2016
Sergey Golubev, 2016.03.02 08:27
"Now in its second decade, Technical Analysis for the Trading Professional
is the number-one go-to guide for market technicians seeking to improve
their market timing skills with the most up-to-date tools and
techniques. This second edition provides an updated look at unique
formulas and key indicators, while retaining all the foundational
material that made the previous edition an instant classic.
Technical Analysis for the Trading Professional has been enhanced and expanded to bring you fully up to date on all the essentials, including:
Constance Brown's Derivative Oscillator was published in her this book. The oscillator uses a
14-period RSI . The RSI is then double smoothed with exponential moving
averages . The default settings for the smoothing periods are 5 and 3.
In a second step a signal line is generated from the smoothed RSI by
calculating a simple moving average with a period of 9. The Derivative
Oscillator is calculated as the difference between the smoothed RSI and
the signal line and displayed as histogram.The formula is:
EMA(EMA(RSI(14), 5)), 3) - MVA(EMA(EMA(RSI(14), 5)), 3), 9)