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The Most Custom RSI needed

MQL5 Indicators Forex Trading robot/indicator debugging Strategy optimization Statistics and mathematics Strategy modules Panels and dialog boxes Stocks Custom graphics MySQL Product Design

Specification

What I would like from my indicator is as follows :

How It Works

The indicator calculates the RSI for each candle.

It checks for divergence conditions based on the price and RSI values.

Divergence is only plotted if the RSI is in the oversold (for bullish divergence) or overbought (for bearish divergence) zone.

Example Output
Bullish Divergence: An arrow will appear below the price when the conditions are met.

Bearish Divergence: An arrow will appear above the price when the conditions are met.

Customization
You can adjust the OversoldLevel and OverboughtLevel inputs to fit your trading strategy.

Add alerts or sound notifications when divergence is detected.

This implementation ensures that divergence signals are only plotted when the RSI is in the oversold or overbought zones, making the indicator more reliable for trading decisions.

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Project information

Budget
30 - 100 USD
Deadline
from 1 to 15 day(s)