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RSI All In 1 Timeframe MT4
READ THE DESCRIPTION ITS IMPORTANT - ONLY TAKES 2 MINUTES - THIS IS A TOOL NOT A TRADING STRATEGY
RSI ALL IN 1 TIMEFRAME measures the relative strength of an instrument or currency, as the name itself represents its working and its uniqueness. This indicator is different from other RSI tools available in the market that makes it even more special. This indicator gives you the RSI value of 3 different timeframes which are M15, M30 and H1 at the same time, whenever all these 3 timeframes gets above 70 or gets below 30 RSI value at the same time it sents out a signal in the form of graphical arrows "BLUE ARROW" for buy signal and "RED ARROW" for sell signal. I have kept this indictor very simple but extremely effective
More About Working Of This Indicator : When you apply this indicator on any timeframe and on any currency chart, suppose we apply it on GBPJPY and on H1 timeframe, whenever RSI value of M15, M30 and H1 gets below 30 or gets above 70 then only it will sent you a signal, if any one of these timeframe's RSI value is above 30 or below 70 then it will not give any signal. So whenever it sends out a signal it is extremely powerful signal because its a mixture of 3 timeframes and a signal for quick reversal or coming reversal in trend.
Suggested Strategy : Suppose you have a $1000 account and you get a buy signal, place a buy trade and set TP 10 pips, if the market does not go into your direction then it will again send you a buy signal, each time you get a signal you have to take it and you will earn profit every time. Simple but extremely powerful method. Minimum account should be of $1000 or more, use cent account incase on balance less than $1000 and use this on maximum 2 currency with lot size 0.02 for safe and profitable trading.
Watch the video to get more clarity if having any doubts.
Use H1 Timeframe Only.
- It does not repaint.
- Gives clear signals in the form of arrows on a chart.
- It is mainly designed for all the pairs.
- It can be used during news time as well.
- You can set the upper and lower RSI levels in settings.
- This indicator can work alone as a system or strategy you don't need to use any other tool with this indicator.
How To Use
- As discussed in complementary strategy above.
- "BLUE Arrow" is for "BUY" alert and "RED Arrow" is for "SELL" alert.
- This indicator can be used as part of a system or as a stand-alone indicator.
- Select the indicator from the indicator section of metatrader and apply it to any chart.
- Send Email — if true, enable sending email notifications whenever RSI gets overbought or oversold. If false, disabled.
- Audible Alerts — if true, enable sending audible alerts with on-screen pop-up window. If false, disabled.
- Push Notifications — if true, enable sending alerts on mobile phone. If false, disabled. To use this feature, you should enable notification in the settings by specifying your MetaQuotes ID.
- RSI Lower/Upper Level - By default it is set on 70 for upper level and 30 for lower level, you can change it according to your need and startegy.
In case of any doubts you can contact me here.