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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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⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly br
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TimingCycleWithLLV
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Support Resistance Multi Time Frame MT5
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This indicator shows the latest untouched support and resistance as horizontal lines. The indicator can show support/resistance from higher timeframes. With this indicator you can e.g. easily see the support/resistance of the timeframes H4, D1 and W1 on a H1 chart, which can be a big advantage while time your entry on H1. This is the FULL version of the FREE indicator: Support Resistance Multi Time Frame MT5 FREE Parameters referenceTF: the timeframe from which the support/resistance is calcul
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MACD Alert Series For MT5
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Beast Super Signal MT5
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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