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FXC iRSI DivergencE MT4

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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Paul
125
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
1454
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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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.