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RSImaxmin

4.86

The indicator shows when there are overprice and divergences on the RSI.

In addition, it has configurable alerts, dynamic overprice levels and a special “RSI cleaner” function.

The indicator that automatically calculates the premium rates!

RSImaxmin is an indicator based on the Relative Strength Index (RSI) oscillator that effectively identifies changes in price trends as it reflects the relative strength of bullish movements compared to bearish movements. It is widely used by traders to measure the strength of a trend and identify end-of-trend signals.

The RSImaxmin indicator provides valuable market information and signals of overbought, oversold, bullish divergence and bearish divergence that it detects automatically. These signals are represented in the oscillator as circles for divergence points and squares for overbougnt points. Immediately, you can receive configurable alerts of these signals.

In addition, this indicator has two unique characteristics; you can chart dynamic support and resistance levels that it automatically calculates according to the market to which it has been applied and the input parameters conveniently set by the trader. Overbought and oversold levels are also automatically calculated for each chart optimizing results.

The second unique feature of RSImaxmin is its “ cleaner RSI ” filter developed to reduce signal noise, this filter can be very useful to improve the effectiveness of a strategy.

Features

  • The indicator allows to generate alerts in different configurations (mobile application - Push, email, desktop application) when divergences and overpricing are detected
  • Alerts can be repeated for the same event to guarantee or to recognize the RSImaxmin
  • The RSImaxmin simplifies the parameters as much as possible, so that the trader can avoid complex settings
  • The RSImaxmin is valid for any asset and any time horizon
  • It can be used in strategies based solely on this indicator or it can be combined with other indicators
  • You can set the color of the indicator trend lines
  • Optimized and tested algorithm to ensure that it is always in service

contains:

  • Oscillatory line RSImaxmin
  • Two lines of dynamic levels of supports and resistances in the oscillator signal
  • Three fixed level lines, “resist OB", 50 and " support OS" (although you can add or remove lines at any level that the trader deems necessary in the setup)

Parameters

  • RSI Period is thecandlestick period used to calculate the value of the RSI oscillator
  • Tolerance to take as a max is the value used as a condition for accepting a peak as a new maximum
  • Tolerance to take as a min is the value used as a condition to accept a peak as a new minimum
  • Price and RSI calculation Kind the algorithm can use all forms of price calculation including HL/2, HLC/3 and HLCC/4  
  • Activate the cleaner RSI this is true if you want to use the filter on the oscillator to reduce signal noise
  • View divergence (circle) is true if you want to display circles in the oscillator at the points where divergence occurred
  • View overprice (square) is true if you want to display square in the oscillator at points where overpricing is detected
  • View trend in chart (arrow) is true if you want to see an arrow on the candlestick chart indicating the possible trend according to RSImaxmin oscillator.
  • View support and resist levels is true if you want to see support and resistance calculated automatically
  • Alert Settings This parameter allows you to choose the alerts you want to receive regarding the indicator. These can be:
    • alerts_ off 
    • maxmin_ Divergences 
    • max_ Divergences 
    • min_ Divergences 
    • overbought 
    • oversold 
    • overbought_ sold 
    • all_ alerts 
  • Alert Kind are the options that the program allows to notify you of an event (mobile application, email, desktop application). These can be:
    • Mobile (you must have this option activated on your MT5 platform)
    • Email (you must configure your MT5 platform to receive emails)
    • Desktop 
    • Alls choose 
  • Alert repetition per event these are the times you can repeat an alert for the same event. You can repeat an alarm 1, 3, 5 and 10 times as you think necessary

If you have any questions or suggestions, you can contact me via the following link.

Reviews 9
odymt5
175
odymt5 2021.10.05 13:54 
 

Thank you for an excellent indicator, easy to use.

Paul Bell
118
Paul Bell 2021.04.05 10:41 
 

very useful product

fashinsky barak
49
fashinsky barak 2020.12.04 16:02 
 

The best indicator ever, precious tool, Thank you

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Description: The Engulfing 13EMA is a Multi Timeframe Indicator that scans Multiple Symbols which will help you to identify potential trade set ups. As well as Forex, it can scan Crypto, Exotics, Metals, Indices, Energies or what ever else you have in your Market Watch list. You also have the option to enable/disable the time frames you want to scan. (M1,M5,M15,M30,H1,H4,D1,W1,MN1) An alert is presented when the 13EMA passes through certain Engulfing candles, based on certain parameters wi
80 USD
This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indicator analyzes its own quality and performance It
149 USD
(FOR MT5)  Divergence Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is already loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI. IMPORTANT FACTORS TO KEEP IN MIND: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widel
79 USD
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MACDmaxmin free demo
Carlos Andrés Moya Erazo
5 (2)
The indicator shows when there are overpricing and divergences over a normalized MACD Plus, it displays signals with configurable alerts, self-regulating dynamic overprice levels, and a simple setup and interface. This indicator automatically calculates markup ranges. MACDmaxmin is an indicator based on the MACD oscillator that effectively identifies trend changes in price, as it is a momentum indicator that captures the trend and shows the relationship between two moving averages of the price.
FREE
MACDmaxmin
Carlos Andrés Moya Erazo
1 (1)
The indicator shows when there are overpricing and divergences over a normalized MACD Plus, it displays signals with configurable alerts, self-regulating dynamic overprice levels, and a simple setup and interface. The indicator that automatically calculates overprices ranges! MACDmaxmin is an indicator based on the MACD oscillator that effectively identifies trend changes in price, as it is a momentum indicator that captures the trend and shows the relationship between two moving averages of th
60 USD
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odymt5
175
odymt5 2021.10.05 13:54 
 

Thank you for an excellent indicator, easy to use.

Welber Goncalves
228
Welber Goncalves 2021.08.03 23:16 
 

O meu está com problema, pois configuro para somente emitir sinal de sobrecompra ele emite sinal de sobrevenda e viceversa.

Carlos Andrés Moya Erazo
5483
Reply from developer Carlos Andrés Moya Erazo 2021.08.05 04:33
Saudações, lamentamos o transtorno.
Encontramos o problema e o corrigimos, esperamos que o produto atenda aos seus objetivos. Obrigado por nos ajudar a melhorar.
Êxitos!
Marsterp Marcel
25
Marsterp Marcel 2021.04.19 15:39 
 

Hi i didnt receive my RSImaxmin

Paul Bell
118
Paul Bell 2021.04.05 10:41 
 

very useful product

teodomiro
54
teodomiro 2021.02.06 18:43 
 

it´s good but I have rent the product again but i cannot download it again. could you pls help me with this ...

fashinsky barak
49
fashinsky barak 2020.12.04 16:02 
 

The best indicator ever, precious tool, Thank you

Pavel Shirykalov
241
Pavel Shirykalov 2020.11.10 08:22 
 

Thank you, an interesting indicator, I'm waiting for an expert

Claudio Jones
139
Claudio Jones 2020.06.09 16:25 
 

Very useful and accurate indicator when making a decision. Carlos Moya provides quality support. I'm happy with the results. Thanks a lot

Dunstan Wafula Namusonge
700
Dunstan Wafula Namusonge 2020.04.09 05:34 
 

Very resourceful

Reply to review
Version 3.4 2022.03.09
Performance update 2022
Version 3.3 2021.08.14
Overbought and oversold alarm override correction.
Version 3.2 2020.09.08
Resource Optimization
Version 3.1 2020.07.27
New Functions, Trend Arrows on Chart, RSI Signal Enhancement
Version 3.0 2020.07.16
New overpricing indicator included.
Version 2.15 2020.06.19
Optimization of resources and minimum programming corrections.
Version 2.14 2020.06.08
compatibility issues fix.
Version 2.13 2020.06.08
Resource Optimization and minimal programming fixes.
Version 2.0 2020.05.02
Display of divergence points (trend change indicator).
Version 1.50 2020.05.02
Optimization of resources, more intuitive presentation of values.
Version 1.10 2020.04.25
Resource Optimization.