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Two Period RSI Alerts MT5

Two Period RSI + Alerts compares long-term and short-term RSI lines, and plots a fill between them for improved visualization. Fill is colored differently according to an uptrend (short period RSI above long period RSI) or a downtrend (short period RSI below long period RSI). Short-term RSI crossing long-term RSI adds a more robust trend confirmation signal than using single period RSI alone.

This is a tool to help visualize and confirm RSI trends. We hope you enjoy!


Alerts

Email, message, and sound alerts can be turned on/off for the following events. Please note that email recipient and SMTP information should be specified in MetaTrader 5/options before using email alerts.

  • Short period RSI crossing long period RSI
  • RSI is below user-selectable buy threshold (Default=30)
  • RSI is above user-selectable sell threshold (Default=70)


Parameters

  • Short period (Default=14): number of bars used to calculate short period RSI
  • Long period (Default=50): number of bars used to calculate long period RSI
  • Turn on/off all alerts: True = alerts are allowed, false = all alerts are paused
  • Alert when RSI short crosses RSI long: if true, alerts when RSI short crosses RSI long
  • Alert when RSI crosses buy threshold: if true, alert when short period RSI is below "Alert buy threshold"
  • Alert buy threshold (Default=30): value for "buy" threshold alerts
  • Alert when RSI crosses sell threshold: if true, alert when short period RSI is above "Alert sell threshold"
  • Alert sell threshold (Default=70): value for "sell" threshold alerts
  • Turn on alerts message: message box alert
  • Turn on alerts sound: sound alert
  • Turn on alerts email: email alert


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Trading the currency markets is a complex business, not least since we are dealing with pairs of currencies, and by inference, pairs of economies. All economies around the world are interlinked, and reflected in the constant ebb and flow of currency strength and weakness. The problem for us as traders is monitoring so many pairs simultaneously, since every pair does not move independently, but reflects the interrelated nature of this market. The Quantum Currency Heatmap delivers the informatio
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