Basic RSI Divergence detector MQL4
- Indicators
- German Pablo Gori
- Version: 1.0
Free RSI Divergence Indicator for MetaTrader 4
This RSI Divergence Indicator for MetaTrader 4 is designed to help you automatically identify key market opportunities through precise detection of divergences between price and RSI. It’s ideal for both beginner and advanced traders looking to enhance their technical analysis strategy.
🚀 Main Features:
Automatic RSI Divergence Detection (Bullish & Bearish):
Automatically identifies bullish and bearish divergences between price action and RSI values, allowing you to act quickly in response to potential trend reversals.
Multi-Channel Alerts:
Receive instant notifications when a divergence is detected via:
✅ Popup Messages (Popup Alerts) Customizable Sound Alerts (supports WAV files)
📱 Push Notifications (requires prior setup in MT4 and mobile app)
📧 Email Alerts (also requires MT4 configuration)
Clear Visual Representation on the Chart:
The indicator visually marks key divergence points with vertical lines and text labels ("RSI Bearish" or "RSI Bullish") directly on the chart, making interpretation immediate and intuitive.
Smart Duplicate Alert Filter:
Avoids redundant signals thanks to an internal system that blocks duplicate alerts within a 5-minute window for the same type of divergence.
Detailed Log in MT4 Terminal:
Displays clear messages in the “Experts” or “Journal” tab of the MetaTrader 4 terminal, informing you of the indicator’s initialization and each generated signal.
Built-In Diagnostic Tool:
Includes a function ( GetLastErrorString ) to obtain user-friendly descriptions of MQL4 error codes, useful for troubleshooting and optimizing performance.
💼 What Type of Trading Is It Ideal For?
This indicator is especially useful for trading strategies based on technical analysis , focusing on identifying potential market trend reversals. It’s ideal for:
- Swing Trading: Detect zones of possible reversal after sustained movements
- Day Trading: Used on intraday timeframes, although it's recommended to confirm signals with other tools due to common market noise in lower timeframes
- Counter-Trend Trading: For those seeking to take advantage of exhaustion signals in the current trend
🕒 Supported Timeframes and Symbols:
- Timeframes: Compatible with all available in MetaTrader 4 (M1, M5, M15, M30, H1, H4, D1, W1, MN1), adapting automatically to the chart's timeframe.
- Symbols: Works with any asset available on your platform: forex pairs, commodities, indices, and more.
⚙️ Configurable Parameters:
Easily customize the indicator’s behavior to suit your preferences:
- RSIPeriod : Number of periods used to calculate the RSI (default: 14)
- RSI70 : Overbought level (default: 70.0)
- RSI30 : Oversold level (default: 30.0)
- EnablePushNotifications : Enable/disable push notifications
- EnableEmailAlerts : Enable/disable email alerts
- EnableSoundAlerts : Enable/disable sound alerts
- SoundFile : Name of the custom sound file
- EnablePopupAlerts : Enable/disable popup messages
✅ Conclusion:
This indicator is a versatile and powerful tool for all traders who use RSI as part of their methodology. With its ability to automatically detect divergences and offer multiple alert options, it significantly improves your operational efficiency and increases your chances of capturing opportunities before the market confirms them.
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