• Overview
  • Reviews (17)
  • Comments (21)

RSI signal

Technical indicator Relative Strength Index (RSI) is a price following oscillator, whose values vary between 0 and 100. Values below 30 indicate an oversold state, and values above 70 indicate an overbought state. The classic interpretation of it is the following: if the oscillator line goes out of the oversold zone, it is a signal for opening a long position. If it goes out of the overbought zone, it is a signal for opening a short position.

The indicator displays entry points on the chart using arrows.  

Input Parameters:

  • Period RSI - RSI period;
  • Signal level in percents - level the line should cross to generate a signal for opening a position.

Condition for opening a long position (green arrow up): the line crosses the level 'Signal level in percents' upwards.

Condition for opening a short position (red arrow down): the line crosses the level '100-Signal level in percents' from top downwards. For example, if the value of 'Signal level in percents' on default, then this value is equal to 70.

Reviews 17
Carrie Law
134
Carrie Law 2020.05.23 12:39 
 

Just what i needed for my trading. Simple tool, but yet useful and practical. Could you please please please add the signal push alert? Your kindness will be very much appreciated. thanks

Mjay
38
Mjay 2020.05.16 10:58 
 

Powerful indicator, fits right in with my strategy

Andrey Sorokin
4179
Andrey Sorokin 2018.02.03 20:20 
 

Спасибо!Отличный помощник.

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⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long t
75 USD
Candle patterns scanner with trend filter MT5
Jan Flodin
This indicator scans for Pin bars, Morning/evening stars, Engulfings, Tweezers, Three Line Strikes, Inside bars and Pennants and Triangles. The indicator can write the signals to a file which can be used by an Expert Advisor for auto trading .  For instance  this product .  You can find more information about the content and location of the text file in the  blog . Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and
39 USD
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ADX Trader
Aleksey Sergan
For opening positions, the Expert Advisor uses signals from the Average Directional Movement Index (ADX) indicator. Input Parameters: Period of ADX - ADX period; Value of main line as trend force  - level the ADX line should cross to generate a signal for opening a position. Take in atr, 0 - do not use a take profit - take profit size calculated using ATR (50) applied to the current timeframe. If the parameter value is 0, it is not used; Stop in atr, 0 - do not use a stop - stop loss size. If th
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ADXSign
Aleksey Sergan
Implementation of the Average Directional Movement Index (ADX) indicator described in the book "New Concepts in Technical Trading Systems" by Welles Wilder. The indicator shows the points for opening positions on the chart in the form of arrows. Input Parameters: InpADXPeriod - ADX indicator period; Lev - the level that must be crossed by the ADX line to obtain a signal for opening a position. Condition for Opening a Long Position: The line +DI is higher than -DI; The ADX line crosses the level
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Relative Strength Index Trader
Aleksey Sergan
For opening positions, the Expert Advisor uses signals from the Relative Strength Index (RSI) indicator. Input Parameters: Period of RSI - RSI period; Signal level in percents - level the line should cross to generate a signal for opening a position; Take in atr, 0 - do not use a take profit - take profit size calculated using ATR (50) applied to the current timeframe. If the parameter value is 0, it is not used; Stop in atr, 0 - do not use a stop - stop loss size. If the parameter value is 0, i
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Break Inner Bar signal
Aleksey Sergan
The indicator displays signals generated according to the "Inside day breakout play" strategy described in the book "Day Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Swings" by Kathy Lien. When an inside bar appears, the indicator draws a range through its maximum and minimum using horizontal lines. If the price breaks through this range, a signal for opening a position is generated. The indicator has only one input parameter - Inner bars. It determines
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Three Moving Averages Signal
Aleksey Sergan
The indicator displays entry points on the chart using arrows. Three exponential moving averages (EMA) are used: The fast one (red) with the parameter of averaging MaPeriod; The medium one (green) with the parameter of averaging equal to MaPeriod * 2; The slow one (black) with the parameter of averaging equal to MaPeriod * 4. Condition for Opening a Long Position: The fast EMA crosses the medium one upwards; The medium EMA is above slow one. Condition for Opening a Short Position:  The fast EMA
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Three Moving Averages Trader
Aleksey Sergan
For opening positions, the Expert Advisor uses the signals of the Three Moving Averages Signal indicator. Input Parameters: Period of fast ma  - period of the Three Moving Averages Signal indicator; Take in atr, 0 - do not use a take profit - take profit size calculated using ATR (50) applied to the current timeframe; If the parameter value is 0, it is not used; Stop in atr, 0 - do not use a stop  - stop loss size. If the parameter value is 0, it is not used; Trailing in atr, 0 - do not use a tr
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Break Day Range
Aleksey Sergan
A signal indicator. It implements the tactics described in Larry Williams' book "Long-Term Secrets to Short-Term Trading", Chapter 4, "Volatility Breakouts - The Momentum Breakthrough". The indicator displays entry points on the chart using arrows. Input parameters are not used. Example of use in a working trading system It is used on a live account as part of the portfolio of strategies on the GMKN futures. Signal monitoring: https://www.mql5.com/en/signals/204344 . Screenshots were created b
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Vadim Strelkov
7829
Vadim Strelkov 2014.03.17 13:35 
 

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[Deleted] 2014.05.15 07:47 
 

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vahid jannati
1980
vahid jannati 2015.04.01 11:09 
 

good signal for overbought and oversold and I like it.

Rodrigo da Silva Boa
7197
Rodrigo da Silva Boa 2015.12.09 06:19 
 

Bom

Nork
6201
Nork 2016.03.28 03:22 
 

User didn't leave any comment to the rating

Micaela Suter
332
Micaela Suter 2016.07.04 11:52 
 

Nice

Ali irwan
5136
Ali irwan 2017.07.20 07:24 
 

Thank, I want to try all your products

Andrey Litvichenko
7658
Andrey Litvichenko 2017.10.15 18:29 
 

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Daniel Andrejczuk
5729
Daniel Andrejczuk 2017.11.08 11:53 
 

Like!

Gennadiy Voltornist
12021
Gennadiy Voltornist 2017.11.26 19:15 
 

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Andrey Sorokin
4179
Andrey Sorokin 2018.02.03 20:20 
 

Спасибо!Отличный помощник.

[Deleted] 2019.01.07 17:42 
 

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sami.m767
80
sami.m767 2019.07.28 19:58 
 

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Mjay
38
Mjay 2020.05.16 10:58 
 

Powerful indicator, fits right in with my strategy

Carrie Law
134
Carrie Law 2020.05.23 12:39 
 

Just what i needed for my trading. Simple tool, but yet useful and practical. Could you please please please add the signal push alert? Your kindness will be very much appreciated. thanks

fkaiser
87
fkaiser 2020.05.27 21:25 
 

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Valentin Butorin
3875
Valentin Butorin 2020.07.23 15:06 
 

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