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Currency RSI Scalper MT5

37 USD

Demo downloaded: 2 056

Published: 6 November 2018

Current version: 4.0

Currency RSI Scalper MT5

Indicators
Evgeny Belyaev
Evgeny Belyaev
Russia

92739
4 (215)
- t.me/Dollar_forex_ok
By subscribing to my MQL5 channel: https://www.mql5.com/en/channels/trendscalper , you will learn a lot of useful information about Forex and cryptocurrency trading.

64 products 5 codes 20 topics 2849 comments
Version: 4.0
Updated: 20 July 2020
Activations: 5

Currency RSI Scalper MT5 -is a professional indicator based on the popular Relative Strength Index (RSI) indicator.

This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change.

This allows Currency RSI Scalper to adapt to the ever-changing market.

When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner and avoid sitting at your PC all the time.

Currency RSI Scalper is perfect for trading currencies (including cryptocurrencies) and binary options.

Currency RSI Scalper for the MetaTrader 4 terminal : https://www.mql5.com/en/market/product/62143

Why choose Currency RSI Scalper

The indicator is suitable for scalping and intraday trading.
It is possible to evaluate the effectiveness of the indicator on history.
The indicator does not redraw (recalculate), signals are generated strictly on the "Close of the bar".
It can be used as a standalone tool or together with other indicators.
System of notifications to email and mobile device on new indicator signals.
Ability to customize the color scheme of the indicator.
Optimum operation algorithm, therefore the terminal does not "freeze"

Recommendations on using Currency RSI Scalper

Buy signal: the indicator line crossing the oversold level upwards. If there are open sell positions, they should be closed. See screenshot #2.

Sell signal: the indicator line crossing the overbought level downwards. If there are open buy positions, they should be closed. See screenshot #3.

There may be situations with several consecutive signals in the same direction. In this case, open an additional position in the same direction without closing the previous one. See screenshot #4.

Several positions are to be closed only when an opposite signal appears.

Indicator Inputs

Period - RSI setting. Period of averaging for calculation of the indicator.
Method: The method used to calculate the Moving Average. The following options are available: 1-Simple, 2-Exponential, 3-Smoothed, 4-Linear Weighted.
Alert - enable or disable Alerts. True - enabled, false - disabled. Example of an alert: "Currency RSI Scalper EURUSD M30 BUY".
Email - enable/disable sending e-mails. True - enabled, false - disabled.
Push - enable/disable sending messages to the mobile terminal. True - enabled, false - disabled.
Arrow size - size of arrows on the chart (1 to 7).
Buy - color of buy arrows.
Sell - color of sell arrows.

more...

148

nolimitzfx 2023.01.31 02:16 #

So far so good, works well!

329

y728115 2022.06.25 08:17 #

Thank you. I will utilize it.

Invidian137 2021.03.09 16:22 #

Very nice indicator. Deffinetly proffitable.

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Magic Channel Scalper is a channel indicator for the MetaTrader 5 terminal. This indicator allows finding the most probable trend reversal points. Unlike most channel indicators, Magic Channel Scalper does not redraw. The alert system (alerts, email and push notifications) will help you to simultaneously monitor multiple trading instruments. Attach the indicator to a chart, and the alert will trigger once a signal emerges. With our alerting system, you will never miss a single position opening

36 USD

Binary Trend System is a professional arrow indicator designed for traders who value transparency and stability. The algorithm is based on time-tested Price Action patterns. The indicator reads market impulses, providing clear entry points (Buy/Sell) directly on your chart. Our algorithm handles the routine analysis, leaving you with only one task — opening the order. Today, the market is flooded with neural network-based "black boxes" whose logic is hidden from the user. We took a different pa

30 USD

The Magic Histogram indicator is a universal tool, suitable for scalping and medium-term trading. This indicator uses an innovative formula and allows you to determine the direction and strength of the trend. Magic Histogram is not redrawn, so you can evaluate its efficiency using history data. It is most suitable for M5, M15, M30, H1 and H4. Version for the MetaTrader 5 terminal : https://www.mql5.com/en/market/product/58448 Indicator Benefits Excellent indicator signals! Suitable for beginne

35 USD

The Volatility Pro is a professional indicator for the MetaTrader 4 platform This indicator can be used to calculate the volatility using two methods. It is also possible to apply a moving average to the volatility histogram. This indicator allows to easily identify the bars with high volatility, and it will also be useful for traders who trade the volatility breakouts. By purchasing this indicator, you will receive: Excellent indicator signals. Free product support. Regular updates. Unique ind

32 USD

If you trade on financial markets, you’ve probably realized how important the spread is—the difference between the buy (ask) and sell (bid) price can seriously impact your profit. Spread Size is a simple yet highly useful indicator that displays the current spread right on the chart. No more constantly monitoring data manually—everything is right in front of your eyes! Why is it needed? The spread isn’t just a number. It’s your real money. A low spread means entering and exiting a trade will

FREE

The Close All Charts utility is designed for quick and convenient closure of all open charts in the MetaTrader 5 (MT5) platform. It will be especially useful for traders who work with a large number of instruments and charts simultaneously, as well as for those who prefer to maintain order in their workspace. When testing advisors in the strategy tester with different parameters, a large number of charts often open. The Close All Charts utility is able to close them in just 1 second, which avoid

FREE

Exclusive Stairs is a trend indicator for the MetaTrader 5 platform. Its operation algorithm is based on moving averages, processed by special filters and price smoothing methods. This allows the Exclusive Stairs to generate signals much earlier than the conventional Moving Average. This indicator is suitable both for scalpers when used on the smaller timeframes and for traders willing to wait for a couple of days to get a good trade. Exclusive Stairs for the MetaTrader 4 terminal : https://ww

19 USD

Spread Monitoring is a unique product for analyzing a spread. Unlike most similar indicators, Spread Monitoring uses ticks rather than bars allowing you to detect abnormal spread expansions. Features Works on ticks rather than bars. Simple and easy indicator configuration. Works on all timeframes. Works on any financial instrument. No repainting. Parameters Total - number of displayed ticks. clrSpread - indicator line color.

FREE

The Click Info is a simple utility that allows the trader to quickly receive information about the High, Low, Open, Close, Time values of the current chart. In order to receive information about a bar, it is necessary to left-click the selected candle. Depending on the settings, either a pop-up Alert or a Comment with the information appears. Information on the bar values (High, Low, Open, Close, Time) can be extremely useful in practice of trading using graphical analysis, evaluation of the Pri

31 USD

Exclusive Average is a custom trend indicator based on the standard Simple Moving Average with an improved operation logic. Signals for Position Opening: Open Buy when the price crosses the indicator line upwards. Open Sell when the price crosses the indicator line downwards. Advantages Good signals. The indicator does not repaint. Sending signals to email and mobile devices. Exclusive Average indicator parameters Indicator_Period - indicator calculation period. SendPush - sending push notific

33 USD

The "Volumes Alert Push Mail" is an indicator for the MetaTrader 4, which is based on the standard Volumes indicator with functions for generating alerts, sending messages to email and mobile terminals. Advantages of the "Volumes Alert Push Mail" indicator Highly customizable visualization. Receiving signals in any way possible: emails, push-notifications and alerts. Free technical support from the developer. Parameters Volume - indicator value for sending the messages. Bar - the setting accep

32 USD

Every experienced trader knows that the trend lines should be paid attention in Forex trading. But plotting trend lines takes time, and there can be many of them on the chart as well... Yikes!!! Do you want to know how to easily and simply automate this process? Then read on. There is a solution - a smart and reliable indicator of trend lines - the Exclusive Trendline . All you need to do is attach the indicator to the chart, and it will draw all possible trend lines for you. You just have to ad

34 USD

The EW oscillator is an indicator for the MetaTrader 4 based on mathematical calculations on the price chart. Distinctive features Generates minimum false signals. Excellent for identifying trend reversals. Perfect for scalping. Simple and easy indicator configuration. Suitable for working on the smaller timeframes (up to H4). Works on any financial instrument. Recommended symbols EURUSD, EURGBP, USDCHF, AUDNZD, AUDCAD, GOLD. Recommendations on usage The buy signal is formed when the level 20

33 USD

Eldorado MT4 is a new MetaTrader 4 indicator based on a digital filter, it has been developed by a professional trader. By purchasing this indicator, you will receive: Excellent indicator signals! Free product support. Regular updates. You can use it on any financial instrument (Forex, CFD, options) and timeframe. Simple indicator setup, minimum parameters. Signals for Position Opening: Open Buy when the channel goes up. Open Sell when the channel goes down. Recommended Usage It is recommended t

32 USD

The List swap is an indicator for the MetaTrader 4 platform, which allows to display swaps for all symbols (available in the Market Watch). When using the free demo version, you need to remember that the Strategy Tester of the MetaTrader 4 does not provide the ability to obtain data on other symbols. In the Strategy Tester, the swap information will be displayed only for the symbol the indicator is attached to. The indicator can be useful for traders utilizing the "Carry trade" strategy, as well

32 USD

Every experienced trader knows that the trend lines should be paid the special attention in Forex trading. But plotting trend lines takes time, and there can be many of them on the charts… Do you want to learn how to quickly and easily automate this process? Then read on. There is a solution — smart and reliable trend line indicator, the Automatic Trendline . All you need to do is attach the indicator to the chart, and it will draw all possible trend lines for you. You just have to admire the re

34 USD

The Psychological levels indicator for the MetaTrader 4 terminal. Forex trading is very closely related to psychology. The psychological factors often cause spikes in demand or supply, which is bound to affect the movement of the currency quotes. In Forex, the price usually moves within a certain price corridor, the so-called psychological levels often serve as the boundaries of such corridors. Where are these levels located, and what causes their formation? The psychological Forex levels occur

32 USD

Exclusive Trend is a trend indicator that can be used for scalping, as well as intraday trading. Advantage of indicator: Generates minimum false signals. Perfect for scalping. Simple and easy indicator configuration. Recommendations on usage It is recommended to use the indicator during session movements to reduce the likelihood of falling into flat. Period M1 to D1. Trending currency pairs: GBPUSD, EURUSD, AUDUSD. Signals for Position Opening: Open Buy when the indicator is blue. Open Sell w

35 USD

Exclusive Oscillator is a new trend indicator for MetaTrader 4, which is able to assess the real overbought/oversold state of the market. It does not use any other indicators and works only with the market actions. The indicator is easy to use, even a novice trader can use it for trading. Exclusive Oscillator for the MetaTrader 5 terminal : https://www.mql5.com/en/market/product/22300 Advantages Generates minimum false signals. Suitable for beginners and experienced traders. Simple and easy

25 USD

MA on Fractals is a professional trend-following indicator for MetaTrader 4 . It builds a moving average using Bill Williams' fractals. We believe that MA on Fractals is much more efficient than a standard moving average. Its combination with other indicators allows receiving more accurate trading signals. It is most suitable for M15, M30, H1 and H4. Advantages Unique indicator. Generates minimum false signals. Suitable for beginners and experienced traders. Simple and easy indicator configurat

30 USD

Ticks Line Chart is a professional indicator for the MetaTrader 4 platform. This indicator allows displaying a tick chart in a separate window, so that you can see price changes inside bars. Note that the Strategy Tester of the MetaTrader 4 trading platform only shows the static spread, that is why in in the tester the distance between the ASK and Bid prices will always be the same. Indicator Benefits Perfect for scalping. A unique indicator, there are no free analogues. Using the flexible indi

32 USD

Exclusive Bollinger is a professional indicator based on the popular Bollinger Bands indicator and provided with an advanced algorithm. Unlike the standard Bollinger , my Exclusive Bollinger provides better signals and is equipped with flexible settings allowing traders to adjust this indicator to their trading style. In the indicator, you can set up alerts (alert, email, push), so that you won't miss a single trading signal. Exclusive Bollinger for the MetaTrader 5 terminal : https://www.mql5

33 USD

Alpha Trend is a trend indicator for the MetaTrader 4 platform; it has been developed by a group of professional traders. The Alpha Trend indicator finds the most probable tendency reversal points, which allows making trades at the very beginning of a trend. This indicator features notifications, which are generated whenever a new signal appears (alert, email, push-notification). This allows you to open a position in a timely manner. Alpha Trend does not redraw, which makes it possible to evalua

35 USD

Gold Trust is a trading robot based on bidirectional martingale system. Buy and sell positions are opened simultaneously allowing you to make profit regardless of a trend direction. Usage tips Symbol: GBPUSD . Period: H1 . ECN accounts with low spreads are recommended! Deposit: 10 000 USD or 10 000 cents. It works around the clock, VPS is recommended. Advantages Suitable both for a rapid deposit boost and stable low-risk trading. High profit factor and mathematical expectation. Fast optimized

60 USD

Project Future is a professional arrow indicator with notification functions (alert, email, mobile). Advantages of the indicator Suitable for scalping and intraday trading. Simple and easy indicator configuration. Works on all timeframes. Does not redraw. It can be used in any financial markets: FOREX, CFD, binary options, stocks. It can be used as a stand-alone tool or in conjunction with other indicators. Sending signals to email and mobile devices. Recommended symbols USDCAD, USDJPY, GBPUSD,

55 USD

EW Oscillator PRO is an indicator for MetaTrader 4 based on mathematical calculations on the price chart. This is one of the most common and useful indicators for finding the trend reversal points. EW Oscillator PRO is equipped with multiple types of notification (push notifications, emails, alerts), which allows opening trades in time. A panel for displaying the information on the indicator signals from different timeframes is located in the top left corner (see screenshot #2). Distinctive fea

31 USD

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148

nolimitzfx 2023.01.31 02:16 #

So far so good, works well!

329

y728115 2022.06.25 08:17 #

Thank you. I will utilize it.

Invidian137 2021.03.09 16:22 #

Very nice indicator. Deffinetly proffitable.

103

mochi Lin 2019.11.07 19:14 #

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Currency RSI Scalper MT5

Evgeny Belyaev

Why choose Currency RSI Scalper

Recommendations on using Currency RSI Scalper

Indicator Inputs