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FXC iRSI DivergencE MT4

2

FXC iRSI-DivergencE MT4 Indicator

This is an advanced RSI indicator that finds trend-turn divergences on the current symbol. The indicator detects divergence between the RSI and the price movements as a strong trend-turn pattern.

Main features:

  • Advanced divergence settings
  • Price based on Close, Open or High/Low prices
  • Give Buy/Sell open signals
  • PUSH notifications
  • E-mail sending
  • Pop-up alert
  • Customizeable Information panel
Input parameters:
  • RSI Period: The Period size of the RSI indicator.
  • RSI Applied Price: Applied price for the RSI indicator. It can be: Close, Open, High, Low, Median, Typical, Weighted.
  • Symbol Applied Price: Applied price of the current symbol. It can be: Close, Open, Low(B)/High(S).
  • Minimum A-B Price Movements (pip): Determines the minimum price movements between the A' and B' points of the divergence.
  • Minimum A-B RSI Movements (point): Determines the minimum RSI value movements between the A' and B' points of the divergence.
  • Minimum Bars Between A' and B' (bars): The number of minimum bars allowed between the A' and B' points.
  • Maximum Bars Between A' and B' (bars): The number of maximum bars allowed between the A' and B' points.
  • Buy Maximum A' RSI-Value (OFF: 100): The maximum RSI value of the A' point of the Buy divergence.
  • Sell Minimum A' RSI-Value (OFF: 0): The minimum RSI value of the A' point of the Sell divergence.
  • Buy Maximum Highest A-B RSI-Value (OFF: 100): The highest RSI value allowed between A' and B' points for Buy divergence.
  • Sell Minimum Lowest A-B RSI-Value (OFF: 0): The minimum lowest RSI value allowed between A' and B' points for Sell divergence.
  • RSI-Divergence Lines (ON): Draws divergence lines to the indicator window at signals.
  • Price-Divergence Lines (ON): Draws divergence lines to the price chart at signals.
  • Signal Arrow (ON): Draws arrows to the chart at signals.
  • PUSH Notification (ON): Sends PUSH notifications at signals.
  • Pop-up Window Alert (ON): Sends pop-up alerts at signals.
  • E-mail Sending (ON): Sends e-mails at signals.
  • Infopanel (ON): Switch Turns the information panel on or off.
  • Infopanel Color-1: Color-1 of the information panel.
  • Infopanel Color-2: Color-2 of the information panel.
  • Infopanel Color-3: Color-3 of the information panel.
  • Infopanel Background (ON): Turns the background of the information panel on or off.
  • Infopanel Background Color: Sets the background color of the information panel.
  • Divergence Price-Line Buy-Color: Divergence Price-Line color of the Buy signs.
  • Divergence Price-Line Sell-Color: Divergence Price-Line color of the Sell signs.
  • Divergence Price-Line Width: Width of the Price-Line.
  • Divergence Price-Line Style: Style of the Price-Line.
  • Divergence RSI-Line Buy-Color: Divergence RSI-Line color of the Buy signs.
  • Divergence RSI-Line Sell-Color: Divergence RSI-Line color of the Sell signs.
  • Divergence RSI-Line Width: Width of the RSI-Line.
  • Divergence RSI-Line Style: Style of the RSI-Line.
  • Arrow Color Buy: Arrows color for Buy signals.
  • Arrow Color Sell: Arrows color for Sell signals. 
  • Arrow Size (pixel): Arrows size in pixel.
  • Arrow Shift Buy (Low + X pip): With this parameter, you can shift the price of the Buy arrows relative to the Low price. 
  • Arrow Shift Sell (High + X pip): With this parameter, you can shift the price of the Sell arrows relative to the High price.
  • Drawback (bars): Number of bars drawn divergence signs back in the past.
Information Panel:
  • Price Applied: Applied price of the current symbol.
  • RSI(14) Applied: Applied price of the RSI incidator. In the parentheses, there is the Period size of the RSI.
  • RSI Value[0,1]: RSI values of the last two bars.
  • Last Divergence: Shows the time of the last divergence sign. The B' or S' represents the direction: Buy or Sell.
  • Indicator(1): Shows the name of the indicator. The number in the parentheses represents the subwindow of the indicator.

Buttons:

  • There are three little buttons at the right-upper corner of the information panel.
  • RED button: It removes the indicator from the chart.
  • WHITE button: Do nothing.
  • GREEN button: It turns on or off the information panel.


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First of all Its worth emphasizing here that this Trading Tool is Non-Repainting Non-Redrawing and Non-Lagging Indicator Which makes it ideal for professional trading . The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focuses on Smart Money Concepts providing in
Introducing ON Trade Waves Patterns Harmonic Elliot Wolfe, an advanced indicator designed to detect various market patterns using both manual and automated methods. Here's how it works: Harmonic Patterns: This indicator can identify harmonic patterns that appear on your chart. These patterns are essential for traders practicing harmonic trading theory, as popularized by Scott Carney's book "Harmonic Trading vol 1&2." Whether you draw them manually or rely on automated detection, ON Trade Waves
The breakout algorithm is a technique based on price, price features, to shape a breakout strategy. The strategy in this indicator will not be redrawn (none-repaint indicator), it is suitable for short or long term traders In the screenshot is the EURUSD pair, these currency pairs, commodities or stocks, it have similar strength *Non-Repainting (not redrawn) *For Metatrader4 Only *Great For Scalping *Great For Swing Trading *Arrow Entry, Green is Long, Red is Short *Works On Any Timeframe *Work
This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather th
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FXC Trade AssistanT MT4
Zsolt Haromszeki
3.67 (3)
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FXC Trade AssistanT MT5
Zsolt Haromszeki
5 (1)
FXC Trade AssistanT MT5 This trading software will help you in manual trading. You can use it for open and close positions in many forms. The EA offers you lot sizeing, stop management methods and other usefull tools using with its control panel. New in v1.13: Ultra-Fast CLOSE operation can close over 100 trades/second (Only MT5) New SETUP panels: Control, Chart, Msg., SFX, Advanced Added SFX sound profiles Zero-Point Calculation with Swap & Commission Can handle foreign trades New Info data
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Paul
225
Paul 2020.10.30 17:26 
 

This indicator seems to do a good job of finding RSI Divergence and displaying its lines on price and the RSI Divergence sub-panel. Ability to configure it is good. For me, currently, Pop-up Window Alert (ON) usually does not work. I get pop-up alerts on less than 10% of the divergences that I see on the charts. I have the indicator running on 30 charts with D1, H4, H1 and M30. Now, with this problem, I can only rate the indicator "2". If this problem was fixed I would rate it "5".

Zsolt Haromszeki
1821
Reply from developer Zsolt Haromszeki 2020.11.15 00:15
Dear Paulpiper!
I tested the indicator. I did not experience the phenomenon. The indicator always sent me PopUp alerts. I suggest you to reinstall your MetaTrader.
I built-in an PopUp-Alert-Test funcition for you (v1.04). If you push the white little button at the left-upper corner of the InformationPanel, the indicator will send you an alert test-message. So, you can test your MT4 platform with it.
I hope, you will find the cause of the error. If you have any questions, feel free to contact me.
C64
34
C64 2020.10.07 10:28 
 

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Reply to review
Version 1.6 2023.01.16
Smaller stylistic corrections were made.
Version 1.4 2020.11.04
Version number specified.
Version 1.2 2020.11.04
Aditional Experts log comments added.
Version 1.1 2020.10.29
An error has been fixed in the text of the email.