RSI Color Alerts

RSI Color Alerts
RSI Color Alerts is a custom indicator based on the classic Relative Strength Index (RSI), developed by J. Welles Wilder.
The RSI is a momentum oscillator that measures the speed and strength of recent price movements. It oscillates between 0 and 100 and helps traders identify overbought (above 70) and oversold (below 30) conditions, signaling potential reversal or correction points in the market.

Key Indicator Highlights:

RSI Line with Dynamic Coloring
The RSI line changes color automatically on every tick:
Green when the RSI is rising (bullish momentum gaining strength)
Red when the RSI is falling (bearish momentum gaining strength)
This coloring makes reading extremely visual and intuitive — you can immediately identify the direction of momentum without manually comparing values.

Level Crossing Alerts
Set custom alerts for when RSI crosses important levels:
Buy Alert → when RSI crosses above the oversold level (default 30).
Sell Alert → when RSI crosses below the overbought level (default 70).
Alerts can be enabled/disabled individually and include:
On-screen message (Alert)
Push notification to mobile (MT5 mobile)

Clean Interface
Displayed in a separate window, with a thicker line for better visibility, default levels of 30 and 70, and support for any timeframe and applied price (Close, Open, High, Low, etc.).

Advantages of RSI Color Alerts:
Dynamic coloring greatly simplifies quick identification of movement strength, helping traders follow momentum in real time.
Crossing alerts eliminate the need to constantly monitor charts — the indicator notifies when a classic RSI opportunity appears.
Optimized, lightweight code based on the native MT5 RSI (greater accuracy and stability).

RSI Color Alerts transforms the traditional RSI into a more visual, practical, and automated tool, perfect for those seeking clear entry signals based on overbought/oversold conditions and momentum shifts.