RSI signal entries
- Indicators
-
Shipra Gupta
I’m Shipra Gupta, a trader and quantitative strategy developer with a strong background in mathematics, economics, and algorithmic trading systems. Over the years, I’ve worked extensively across forex, gold, indices, commodities, and crypto markets, focusing on building data-driven trading - Version: 1.20
- Activations: 10
RSI Signals Entries
RSI Signals Entries is a powerful momentum-based indicator designed for MetaTrader 5 (MQL5) that generates clear, confidence-scored buy and sell signals based on Relative Strength Index (RSI) extremes and candlestick confirmation. It integrates a color-graded subwindow display with automated on-chart trade projections ($Entry$, $SL$, and $TP$).
MT5 Expert Advisor Collection
Explore automated systems built for Gold & Bitcoin, covering breakout, scalping, momentum and multi-horizon strategies.
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Bitcoin: BTC Strike | Alpha Vault | Edge Pilot
Key Features
1. Dynamic RSI Subwindow & Color Grading
- Multi-Color Oscillator: Renders the RSI line in a dedicated indicator subwindow (bounded between 0 and 100), dynamically changing colors depending on whether the market is in overbought, resistance, neutral, support, or oversold territory.
2. Smart Signal Generation Engine
- Extreme vs. Zone Signals: Combines RSI threshold breaches with Strong Candle Filters (comparing current candle body sizes against a multi-period moving average of bodies) to filter out fakeouts.
- Confidence Scoring: Automatically labels signals with confidence percentages (e.g., $80\%$ for extreme zone hits and $70\%$ for supported zone breakouts).
- Signal Latching: Prevents duplicate consecutive signals by latching until the RSI clears the threshold zone and re-enters.
3. Integrated Trade Tools & Visuals
- Automated Risk Management: Plots exact Entry, Stop-Loss ($SL$), and Take-Profit ($TP$) lines on the main chart using configurable pip distances or auto-detected symbol pip values.
- Smart Label Spacing: Uses ATR multiples to keep text labels clearly organized, avoiding visual overlap on the chart.
Input Settings Guide
RSI Settings
| Parameter | Default | Description |
| rsiLength | 14 | Period length used for the RSI calculation. |
| rsiSource | PRICE_CLOSE | Applied price type (e.g., Close, Open, High, Low). |
| confirmOnClose | true | Restricts signal generation to completed candles. |
RSI Levels & Signal Strength
| Parameter | Default | Description |
| overBuyLevel | 79.90 | Overbought threshold for extreme sell signals. |
| resistanceLevel | 67.90 | Resistance zone threshold for candle-confirmed sells. |
| supportLevel | 34.90 | Support zone threshold for candle-confirmed buys. |
| overSoldLevel | 19.90 | Oversold threshold for extreme buy signals. |
| extremeStrength | 80.0 | Confidence percentage displayed for extreme signals. |
| zoneStrength | 70.0 | Confidence percentage displayed for zone/candle signals. |
Strong Candle Filter & Trade Pips
| Parameter | Default | Description |
| strongLookback | 20 | Lookback period to evaluate average candle body size. |
| strongMultiplier | 1.2 | Multiplier required for a candle body to be classified as "strong". |
| autoPip | true | Automatically detect pip sizes for various asset types (FX, Gold, JPY). |
| slPips | 400 | Stop-loss distance measured in pips. |
| tpPips | 1200 | Take-profit distance measured in pips. |
