RSI talking to save your eyes

RSI talking, use all your senses while trading!


The idea

When trading your eyes might be very stressed. Therefore I programmed the RSItalking. Trade what you see and what you hear!


Function

This indicator says "rsioverbought" when rsi is over a threshold value (default 75%) and "rsioversold" if it is under a lower threshold (default 25%).

When you keep a long position be adviced to realize profit when the indicator tells you "rsioverbought" and vice versa.

You will find an explanation of the functionality of RSI in youtube.


Parameters

  • Period of RSI: Period of RSI, default 14
  • Upper threshold value: If RSI > threshold the indicator says "rsi overbought" (default 75)
  • Lower threshold value: if RSI < threshold the indicator says "rsi oversold" (default 25)


Issues and disclaimer

No issues were found up to now. If the treshold values are not marked in the window of the indicator it might be, that some old objects named "trUp" and "trDown" remained and have to be deleted by hand.

If you cannot create your own wav sondfiles you can contact me over the mql5 messenger.

There is no guarantee for anything using this indicator.

14.07.18, Terence V. Gronowski, "Swisstrader"

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FX Levels: Exceptionally Accurate Support & Resistance for All Markets Quick Overview Looking for a reliable way to pinpoint support and resistance levels across any market—currencies, indices, stocks, or commodities? FX Levels merges our traditional “Lighthouse” method with a forward-thinking dynamic approach, offering near-universal accuracy. By drawing from real-world broker experience and automated daily plus real-time updates, FX Levels helps you identify reversal points, set profit targe
M1 Quantum MT5
Hamed Dehgani
Indicators
M1 Quantum is a professional M1 trading system that provides fast and accurate trading signals with built-in Stop Loss, Take Profit, and smart money management. M1 Quantum is contain professional money management designed to grow up account fast by focusing on continues win . Key features of M1 Quantion Indicator Designed for M1 Time Frame and all Major Pairs All trade has stop loss and take profit Money Management implement and guide trader how to trade by that much easy. High win rate , high r
Crystal Heikin Ashi Signals
Muhammad Jawad Shabir
5 (2)
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Crystal Heikin Ashi Signals - Professional Trend & Signal Detection Indicator Advanced Heikin Ashi Visualization with Intelligent Signal System for Manual & Automated Trading Final Price: $149 ---------> Price goes up $10 after every 10 sales . Limited slots available — act fast . Overview Crystal Heikin Ashi Signals is a professional-grade MetaTrader 5 indicator that combines pure Heikin Ashi candle visualization with an advanced momentum-shift detection system. Designed for both manual traders
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Important Lines
Terence Gronowski
4.88 (24)
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This indicator displays Pivot-Lines, preday high and low, preday close and the minimum and maximum of the previous hour. You just have to put this single indicator to the chart to have all these important lines, no need to setup many single indicators. Why certain lines are important Preday high and low : These are watched by traders who trade in a daily chart. Very often, if price climbs over or falls under a preday low/high there is an acceleration in buying/selling. It is a breakout out of a
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Swiss ORIndicator
Terence Gronowski
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Opening Range Indicator   Idea Toby Crabel introduced this way of trading in the ealy ninties in his book "Day Trading with Short Term Price Patterns and Opening Range Breakout". In simple terms this means to trade the brekouts from the limits of the first trading hour with the stop loss at the opposite side. I.e. if the first hourly candle meausres 40 points (Crabel calls this the "stretch") you set the stop loss at breakout level minus 40 points and the take profit at the breakout level plus 4
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Swiss VWAPsimple
Terence Gronowski
4.8 (5)
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Swiss VWAPsimple Motivation Did not find free VWAP that works, the one that I found craseh. So I created a VWAP which calculates values only for the actual day. So computer resouces are not over stressed. What is VWAP, how is it used?  VWAP stands for Volume Weighed Average Price, it calculates the running sum of tick volume and the runnung sum of price times tickvolume. The division of these sums result in a weighed price (Sum P*V/Sum V). The calculation starts normally at midnight. The values
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Swiss CandleTime
Terence Gronowski
5 (2)
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Swiss CandleTime What ist CandleTime for This indicaor just displays the remaining time for a candle to build. It is best used if you trade with timframes from 3 minutes. I use it in M3 to keep postions. If I have two following red candles i usually liquidate the position. Timeframes M1 to H1 Inputs Arrow displayed => Edit your arrow string Arrow for waiting conditions => Arrow if chart is offline Text Color => color of the text Tell if there is a trend change => tells you, if the two preciding
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M5 Breakout Indicator
Terence Gronowski
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Shows min and max of last M5 Candle. Can be used to trade breakouts of last M5 candle.  The M5 Candle Breakout Strategy avoids to stay too long in a sindways phase. See documentation on  @swisstrader3713, where you can follow my live trading. The only parameters are the color of the lines defining the M5 stretch. Best use the indicator in M1 timeframe. The M5 Breakout Strategy has helped me to reduce overtrading.
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Idea I programmed this tool out of the necessity to be constantly informed about what is going on. Before I sometimes forgot to set a stopp loss, this is impossible with this tool. Further this tool allows you to make distributed entries, eg. with a first feeler with 0.1 contracts and when the direction is the right one you just put more contacts into the game. Money- and risk management is built in. If you use more then the predetermined number of contracts there is a warning. You are constantl
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Swiss HolyGrail
Terence Gronowski
3 (1)
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Swiss Holy Grail Indicator Motivation and functioning The HolyGrail indicator serves to optimize an entry. At that very moment I caught myself, that I went short in an uptrend, so I got into a trade in an anti-cyclical way. Or I have entered into a much too mature trend. This indicator should prevent such errors: One should always be aware of whether it is pro- or anticyclic entry, and one must always know about the maturity of the trend. Don't enter an old trend. Linda Raschke advises to buy th
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Swiss InsideOutsideBar
Terence Gronowski
5 (1)
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Swiss InsideOutsideBar Imortance of Inside- and Outside Bars Inside bars are completely engulfed by its previous bar. The pattern is also known as "harami" (pregnant). Outsidebars engulf the previous bar. Inside bars might mark situations before an outbreak. They are a condensed form of a symmetrical triangle. Symmetrical triangles represent a battle between bulls and bears. There can be an outbreak to either side, mostly the outbreak is in direction of the main trend. The combination of inside
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Swiss ParabolicWarn
Terence Gronowski
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Normal Parabolic SAR with label of long or short state. Tells also "Parabolic long" and "short". Can be used in multitimeframe layouts together with Swiss HolyGrail indicator or in different timeframes. So, if all the indicators show "long" or "short" you can be sure that the risk of a wrong direction is small. The standard values for Parabolic SAR are 0.02 for step and 0.2 for maximum. You may experiment with changing the maximum to get smother curves.  Note that changes in parabolic SAR are la
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