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RSImaxmin

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 only 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 4
fashinsky barak
38
fashinsky barak 2020.12.04 16:02 
 

The best indicator ever, precious tool, Thank you

Pavel Shirykalov
221
Pavel Shirykalov 2020.11.10 08:22 
 

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

Claudio Jones
131
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

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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 FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long t
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Cointegration Pair Trading Indicator
Lucas Baisso
Cointegration Pair Trading Indicator Indicator for statistical and quantitative pair trading strategies. You can perform Long&Short or Long&Long/Short&Short between two different assets. The indicator performs a series of statistical tests between the assets and shows whether the pair is cointegrated or not. Suggested Usage Strategies (a) Verify if that the pair is cointegrated by the ADF test (Augmented Dickey-Fuller Test). 0% means the pair is not cointegrated; 90% 95% 97.5% and 99% means
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Configurable Dashboard Pro by RunwiseFX MT5
Runwise Limited
Displays multiple indicators, across multiple timeframes and symbols to give a comprehensive overview of the market. Uniquely, the indicators are configurable and can include custom indicators, even those where you just have the ex4 file or those purchased from Market. Standard indicators can also be selected, the default being ADX, CCI, market price above/below Moving Average (MA), Moving Average Cross (MAX), MACD, Momentum (MOM), OsMA, RSI, Parabolic SAR, William's Percentage Range (WPR). Use
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PipFinite Reversal PRO MT5
Karlo Wilson Vendiola
The Controversial 5-Step System That Professional Traders Use To Unlock Trading Success! Reversal Pro effectively combines price action, ideal location and reliable statistics in one smart algorithm. Understanding the market in this unique perspective allows you to recognize reversals professionally. Discover The Secret Of Professional Traders Get instant access ► www.mql5.com/en/blogs/post/716077 Copy & Paste what professional traders are doing right now! How To Trade Step 1: Trade Setu
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TimingCycleWithLLV
Enrico Mariani
TimingCycleWithLLV is an excellent tool to determine the timing of your entry point! Everyone knows that cycles exist both in nature and in financial markets.Cycles are present in all time frames,from 1 minute to 1 year.Sometimes they are very clear to identify,others there is overlap between cycles of varyng duration. I can say this:the one-day cycle corresponds to the duration of a trading day( for example the one-day cycle for GERMAN DAX index is 14 hours as the trading day is 14 hours). Obvi
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TraderDream Evolution MT5
Yehor Pozhydaiev
The indicator defines the trend direction (displayed using line color), shows recommended market entry points (as arrows) and helps tracking price volatility. You can use it as a standalone tool for market analysis or filter the signals using other indicators (you can use TraderDream Evolution from the higher timeframe or create it on the chart of the index belonging to the country whose currency you trade). Our team has been successfully using TraderDream Evolution for two years already for tra
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Blahtech Supply Demand MT5
Blahtech Limited
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
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Heiken Ashi Candle Color Change Alerts Serie MT5
Boris Armenteros
Be notified of every color change of Heiken Ashi (HA) candles. The indicator will trigger past and new signals every time that HA candles change their colors. ( Note : this tool is based on the code of Heiken Ashi indicator developed by MetaQuotes Software Corp.) Features The signals are triggered at closing of last bar/opening of a new bar; Any kind of alerts can be enabled: Dialog Box, Email message, SMS notifications for smartphones and tablets, and Sound alerts; By default, up arrows are p
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Chart patterns scanner MT5
Jan Flodin
This  multi time frame and multi symbol  indicator identifies double top/bottom, head and shoulders, pennant, triangle and flag patterns. For top/bottom, head & shoulders and pennant & triangles it is also possible to setup alerts only when a neckline breakout (confirmed signal) has occured. The indicator writes the signals to a text file which can be used by an Expert Advisor (EA) for auto trading.  For instance  this product .  You can find more information about the content and location of th
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MACDmaxmin free demo
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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 only 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
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RSImaxmin free demo
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The indicator shows when there are overprice and divergences on the RSI. In addition, it has dynamic overprice levels. The only 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 s
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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 only 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
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Dunstan Wafula Namusonge
661
Dunstan Wafula Namusonge 2020.04.09 05:34 
 

Very resourceful

Claudio Jones
131
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

Pavel Shirykalov
221
Pavel Shirykalov 2020.11.10 08:22 
 

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

fashinsky barak
38
fashinsky barak 2020.12.04 16:02 
 

The best indicator ever, precious tool, Thank you

Reply to review
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.