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Currency RSI Scalper MT5

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 MetaTrader 4 can be downloaded here: https://www.mql5.com/en/market/product/33895.

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.

If you have any questions or suggestions, you can contact me via Profile: https://www.mql5.com/en/users/genino


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52 USD
PipTick Bid Ask Volume MT5
Michal Jurnik
PipTick Bid-Ask Volume indicator is a tool that needs every scalper and intraday trader. It uses a special algorithm to determine the activity of buyers and sellers and displays it in the form of histogram. With this feature, the trader can easily compare the level of aggression on the part of buyers and sellers and read the context of the market. As we all know, the forex market is decentralized and therefore we do not have a reliable information about real volume. We also do not know actual an
67 USD
M15 Manual Scalping System NRP MT5
Sergey Efimenko
The indicator is a ready-made manual trading system for scalping. The default parameters are set for М15. The indicator parameters can be customized individually. After a bar is closed, the main values ​​are not redrawn except for dynamic support/resistance zones and fractal trend lines. Market entry conditions should be evaluated on a closed bar. Before buying, make sure the candle is green, the direction change symbol (by default, it is a dot) is light blue and the current candle opens near th
50 USD
Engulfing Bar Indicator for MT5
Renaud Candel
Engulfing Bar Indicator is a pattern recognition indicator for Forex and Binary Options. The Engulfing Bar Indicator is a slightly enhanced pattern of the popular engulfing candle. The strategy that comes with the Engulfing Bar is purely based on price action. Inputs Distance: distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable popup alerts EmailAlerts (true/false): enable email alerts PushAlers
97 USD
Pivot Prof
Paul Anscombe
Advanced Support & Resistance Trading Made Easy... Get simple, effective trade opportunities with Pivot Prof and use the Support and Resistance levels professionals use. Pivot Prof brings premium levels to the trader where the market is most likely to react, which is the very thing a trader needs to enter or exit the market, there is little point in trading in no-mans land, that gives the trader no edge whatsoever and leads to larger SL, larger drawdown, smaller TP and more risk. ** BLACK FRIDA
69 USD
Blahtech Market Profile MT5
Blahtech Limited
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
95 USD
LT Easy Market
Thiago Duarte
Easy Market makes the market easier to trade. It allows you to see an "eternally" side (no trend) market, making it extremely easy to see when the price is overbought or oversold. Both trend and consolidation traders will like Easy Market. You can use it as an auxiliary window (below chart) or in full screen mode. See the screenshots and note how it gives you accurate entries! Free demo version:   https://www.mql5.com/pt/market/product/41869 Free signals emitter:   https://www.mql5.com/en/market
50 USD
Pivot Channels PRO MT5
Dmitry Zmitrovich
⭐⭐⭐⭐⭐ I'm glad to present you my new "Pivot Channels Pro" indicator. ⭐⭐⭐⭐⭐ It builds on my previous indicators and over six years of experience using them. This indicator includes all the best strategies that I have researched. When developing and optimizing, I used ML algorithms. The indicator is very easy to use. Now the indicator has 3 basic strategies and the ability to customize your own strategy. I am constantly looking for better strategies. Telegram channel:   https://t.me/d_product
50 USD
Divergence dashboard MT5
Jan Flodin
This  multi time frame and multi symbol  divergence dashboard indicator sends an alert when one or two different divergences have been identified on several time frames. It can be used with all time frames from M1 to MN . Max. 9 time frames can be shown in the dashboard at the same time . It is possible to enable moving average, RSI or Bollinger bands trend filter to filter out only the strongest setups. The free version of this indicator can be downloaded  here   for testing before you decide t
39 USD
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mochi Lin
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mochi Lin 2019.11.07 19:14 
 

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Version 4.0 2020.07.20
Update for new builds at the request of the terminal developers: https://www.mql5.com/en/forum/342948