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Currency RSI Scalper MT4

Currency RSI Scalper  -is a professional indicator based on the popular Relative Strength Index (RSI) indicator.

Although the Stochastic indicator works fine for an interval of the market, it fails to generate profitable signals when the market conditions change, and hence it produces wrong signals resulting in big losses.

Have you ever thought about an adaptive Stochastic indicator that adapts its based on the market conditions?

The presented indicator implements an optimization algorithm that finds the best overbought and oversold levels.

This allows Currency RSI Scalper to adapt to the ever-changing market.

When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner and avoid sitting at your PC all the time.

Currency RSI Scalper is perfect for trading currencies (including cryptocurrencies) and binary options.

Currency RSI Scalper for MetaTrader 5 can be downloaded here: https://www.mql5.com/en/market/product/33032.

Why choose Currency RSI Scalper

  • The indicator is suitable for scalping and intraday trading.
  • It is possible to evaluate the effectiveness of the indicator on history.
  • The indicator does not redraw (recalculate), signals are generated strictly on the "Close of the bar".
  • It can be used as a standalone tool or together with other indicators.
  • System of notifications to email and mobile device on new indicator signals.
  • Ability to customize the color scheme of the indicator.
  • Optimum operation algorithm, therefore the terminal does not "freeze"


Recommendations on using Currency RSI Scalper 

Buy signal: the indicator line crossing the oversold level upwards. If there are open sell positions, they should be closed. See screenshot #2.

Sell signal: the indicator line crossing the overbought level downwards. If there are open buy positions, they should be closed. See screenshot #3.

There may be situations with several consecutive signals in the same direction. In this case, open an additional position in the same direction without closing the previous one. See screenshot #4.

Several positions are to be closed only when an opposite signal appears.


Recommended symbols

Currency pairs: EURUSD, EURGBP, USDCHF, AUDNZD, AUDCAD.

Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP).


Indicator Inputs

  • Period - RSI setting. Period of averaging for calculation of the indicator.
  • Method: The method used to calculate the Moving Average. The following options are available: 1-Simple, 2-Exponential, 3-Smoothed, 4-Linear Weighted.
  • Alert - enable or disable Alerts. True - enabled, false - disabled. Example of an alert: "Currency RSI Scalper EURUSD M30 BUY".
  • Push - enable/disable sending messages to the mobile terminal. True - enabled, false - disabled.
  • Arrow size - size of arrows on the chart (1 to 7).
  • Buy - color of buy arrows.
  • Sell - color of sell arrows.


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Best and worst Dashboard was born from the idea to have a panel that includes all the symbols in a chart. It is very importance to understand which symbols are both positive and negative. In the past, we realized the single indicator Best and Worst ( https://www.mql5.com/en/market/product/11784 ), now thanks to the upgrading of the Metatrader the dashboard displays all the instruments simultaneously. A great revolution. This Dashboard is able to calculate performance at any time frame and clicki
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TIL Timeframe Overlay
TIL Timeframe Overlay
Viktor Macariola
The TIL Timeframe Overlay indicator is the perfect tool for multiple timeframe analysis . It does the simple yet powerful task of overlaying a candlestick chart of a different timeframe over another allowing you to see the BIGGER picture and see the underlying TREND amid the noise and volatile price action. Please see the screenshots below for examples. Features: It works in ALL timeframe. It works in ANY instrument/symbol. Displays ENTIRE candlesticks (body and wick) of other timeframes includi
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TickUnit Scalper Currency Strength28 PRO
TickUnit Scalper Currency Strength28 PRO
Bernhard Schweigert
CURRENTLY 26% OFF !!   This indicator is a super combination of both our main indicators ( Advanced Currency Strength 28 and Advanced Currency IMPULSE with ALERT ). It shows Currency Strength values for TICK-UNITS and alert signals for 28 Forex pairs. 11 different Tick-Units can be used. Those are 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, and 30 Seconds. The Tick-Unit bar in the sub-window will be shown and shifted to the left when there is at least 1 tick within the second’s timer.  With only ONE
148 USD
True Direction Oscillator
True Direction Oscillator
Muhammad Elbermawi
Or (TDO)    which is an index that measures the price rate of change using the principle of " Pure Momentum ". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" gives higher readings for ascending price movements than that given to descending ones. TDO fixes this problem to help traders at
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FX Trend
FX Trend
Daniel Stein
️️️️️ 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
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Bruces Price Predictor Dashboard
Bruces Price Predictor Dashboard
Bruce Webb
This is a Dashboard Indicator based on Bruce's Price Predictor Indicator . This Dashboard will Give you a visual to see the trend direction without having to flip through timeframes, so you can always be trading in direction of the trend, with little effort.  I Recommend   www.CoinexxBroker.com  as a great broker and the one I personally use *Non-Repainting Dashboard Arrows *For Desktop MT4 Only *Great For Scalping *Great For Swing Trading *Dashboard Arrow Entry Alerts *Dashboard Arrow Signals
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Bermaui Bands
Bermaui Bands
Muhammad Elbermawi
Bermaui Bands (BB) is a technical analysis tool that helps filter between ranging and trending price movements. The idea behind this indicator can be explained in the next steps: Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %). If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low. High volatility means a great probability for a trending market, whi
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Ultimate Double Top Bottom Reversal Scanner
Ultimate Double Top Bottom Reversal Scanner
FXsolutions
This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig
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Exclusive Stairs MT5
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Evgeny Belyaev
Exclusive Stairs is a trend indicator for the MetaTrader 5 platform. Its operation algorithm is based on moving averages, processed by special filters and price smoothing methods. This allows the Exclusive Stairs to generate signals much earlier than the conventional Moving Average. This indicator is suitable both for scalpers when used on the smaller timeframes and for traders willing to wait for a couple of days to get a good trade. Version for the MetaTrader 4 terminal:  https://www.mql5.com/
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Click Info MT5
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The Click Info is a simple utility for the MetaTrader 5 terminal that allows the trader to quickly receive information about the High, Low, Open, Close, Time values of the current chart. In order to receive information about a bar, it is necessary to left-click the selected candle. Depending on the settings, either a pop-up Alert or a Comment with the information appears. Information on the bar values (High, Low, Open, Close, Time) can be extremely useful in practice of trading using graphical a
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Currency RSI Scalper Free MT5
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Evgeny Belyaev
Currency RSI Scalper Free MT5   -is a professional indicator based on the popular Relative Strength Index (RSI) indicator. This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change. This allows Currency RSI Scalper to adapt to the ever-changing market. When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner and avoid sittin
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Magic Candles Free for MT5
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Evgeny Belyaev
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Evgeny Belyaev
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Magic Channel Free
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Evgeny Belyaev
Magic Channel Free is a channel indicator for the MetaTrader 5 trading platform. This indicator allows finding the most probable trend reversal points. Unlike most channel indicators, Magic Channel does not redraw. The alert system (alerts, email and push notifications) will help you to simultaneously monitor multiple trading instruments. Attach the indicator to a chart, and the alert will trigger once a signal emerges. With our alerting system, you will never miss a single position opening sign
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Best Scalper Oscillator Free
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Evgeny Belyaev
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Exclusive Bollinger FREE MT5
Exclusive Bollinger FREE MT5
Evgeny Belyaev
Exclusive Bollinger FREE MT5 is a professional indicator based on the popular Bollinger Bands indicator and provided with an advanced algorithm. Unlike the standard Bollinger , my Exclusive Bollinger provides better signals and is equipped with flexible settings allowing traders to adjust this indicator to their trading style. In the indicator, you can set up alerts (alert, email, push), so that you won't miss a single trading signal. Exclusive Bollinger FREE MT5 is a demo version, which works o
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Magic Candles MT5
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Evgeny Belyaev
Magic Candles MT5 is a new product that allows identifying the current market phase (uptrend, downtrend or flat). This indicator paints bars in different colors depending on the current state of the market and signals the user about trend changes with alerts. Magic Candles MT5 is perfect for trading currencies (including cryptocurrencies) and binary options. Magic Candles for MetaTrader 4 can be downloaded here: https://www.mql5.com/en/market/product/25921 . Advantages Suitable for scalping an
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Alpha Trend
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Evgeny Belyaev
Alpha Trend is a trend indicator for the MetaTrader 4 platform; it has been developed by a group of professional traders. The Alpha Trend indicator finds the most probable tendency reversal points, which allows making trades at the very beginning of a trend. This indicator features notifications, which are generated whenever a new signal appears (alert, email, push-notification). This allows you to open a position in a timely manner. Alpha Trend does not redraw, which makes it possible to evalua
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Magic Candles
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Evgeny Belyaev
Magic Candles is a new unique product that allows identifying the current market phase (uptrend, downtrend or flat). This indicator paints bars in different colors depending on the current state of the market and signals the user about trend changes with alerts. Magic Candles is perfect for trading currencies (including cryptocurrencies) and binary options. Magic Candles is another product of the Magic series: Magic Arrow , Magic Histogram . Advantages High accuracy of signals. Suitable for sc
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Currency RSI Scalper MT5
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Evgeny Belyaev
Currency RSI Scalper MT5   -is a professional indicator based on the popular Relative Strength Index (RSI) indicator. This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change. This allows Currency RSI Scalper to adapt to the ever-changing market. When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner and avoid sitting at
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Best Scalper Oscillator
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Best Scalper Oscillator is an indicator for MetaTrader 5 based on mathematical calculations on the price chart. This is one of the most common and useful indicators for finding the trend reversal points.  Best Scalper Oscillator is equipped with multiple types of notification (push notifications, emails, alerts), which allows opening trades in time.  Distinctive features Generates minimum false signals. Excellent for identifying trend reversals. Perfect for scalping. Suitable for working on t
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Advanced Stochastic Scalper MT5
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Advanced Stochastic Scalper MT5 is a professional indicator based on the popular Stochastic Oscillator. Advanced Stochastic Scalper is an oscillator with dynamic overbought and oversold levels, while in the standard Stochastic Oscillator, these levels are static and do not change. This allows Advanced Stochastic Scalper to adapt to the ever-changing market. When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely ma
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Magic Histogram
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Evgeny Belyaev
The Magic Histogram indicator is a universal tool, suitable for scalping and medium-term trading. This indicator uses an innovative formula and allows you to determine the direction and strength of the trend. Magic Histogram is not redrawn, so you can evaluate its efficiency using history data. It is most suitable for M5, M15, M30, H1 and H4. Indicator Benefits Excellent indicator signals! Suitable for beginners and experienced traders. Using the flexible indicator settings, you can adjust the
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Magic Histogram MT5
Magic Histogram MT5
Evgeny Belyaev
The   Magic Histogram MT5   indicator is a universal tool, suitable for scalping and medium-term trading. This indicator uses an innovative formula and allows you to determine the direction and strength of the trend.   Magic Histogram MT5   is not redrawn, so you can evaluate its efficiency using history data. It is most suitable for M15, M30, H1 and H4. The version for MetaTrader 4 can be downloaded here:   https://www.mql5.com/en/market/product/23610 . Indicator Benefits Excellent indicator si
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Exclusive Bollinger MT5
Exclusive Bollinger MT5
Evgeny Belyaev
Exclusive Bollinger is a professional indicator based on the popular Bollinger Bands indicator and provided with an advanced algorithm. Unlike the standard Bollinger , my Exclusive Bollinger provides better signals and is equipped with flexible settings allowing traders to adjust this indicator to their trading style. In the indicator, you can set up alerts (alert, email, push), so that you won't miss a single trading signal. MetaTrader 4 version of Exclusive Bollinger : https://www.mql5.com/en/
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Evgeny Belyaev
Magic Candles FREE is a new unique product that allows identifying the current market phase (uptrend, downtrend or flat). This indicator paints bars in different colors depending on the current state of the market and signals the user about trend changes with alerts. Magic Candles FREE - is a demo version, which works only on the AUDUSD currency pair. Unlimited version can be purchased here: https://www.mql5.com/en/market/product/25921 Magic Candles is another product of the Magic series: Magic
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Evgeny Belyaev
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Spread Monitoring
Spread Monitoring
Evgeny Belyaev
Spread Monitoring is a unique product for analyzing a spread. Unlike most similar indicators, Spread Monitoring uses ticks rather than bars allowing you to detect abnormal spread expansions. You may also try another indicator: Ticks Line Chart . Features Works on ticks rather than bars. Simple and easy indicator configuration. Works on all timeframes. Works on any financial instrument. No repainting. Parameters Total - number of displayed ticks. clrSpread - indicator line color. Develope
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Project Future FREE
Project Future FREE
Evgeny Belyaev
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Click Info Free
Click Info Free
Evgeny Belyaev
The Click Info Free is a simple utility that allows the trader to quickly receive information about the High, Low, Open, Close, Time values of the current chart. In order to receive information about a bar, it is necessary to left-click the selected candle. Depending on the settings, either a pop-up Alert or a Comment with the information appears. Information on the bar values (High, Low, Open, Close, Time) can be extremely useful in practice of trading using graphical analysis, evaluation of th
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Signals Scanner Free
Signals Scanner Free
Evgeny Belyaev
The Signals Scanner Free is a free utility for the MetaTrader 4 terminal. The utility allows to receive information on signals from the mql5.com site ( https://www.mql5.com/en/signals ). By downloading this product, you will be able to find information on the signal of interest. Demo accounts allow to obtain information only on free signals! Real accounts allow to obtain information only on paid signals! With the Signals Scanner Free utility you will be able to find the following information: Li
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Click Info
Click Info
Evgeny Belyaev
The Click Info is a simple utility that allows the trader to quickly receive information about the High, Low, Open, Close, Time values of the current chart. In order to receive information about a bar, it is necessary to left-click the selected candle. Depending on the settings, either a pop-up Alert or a Comment with the information appears. Information on the bar values (High, Low, Open, Close, Time) can be extremely useful in practice of trading using graphical analysis, evaluation of the Pri
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Exclusive Average
Exclusive Average
Evgeny Belyaev
Exclusive Average is a custom trend indicator based on the standard Simple Moving Average with an improved operation logic. Exclusive Average is another product of the Exclusive series: Exclusive Oscillator , Exclusive Stairs , Exclusive Trendline , Exclusive Arrow , Exclusive Scalper , Exclusive Trend . Signals for Position Opening: Open Buy when the price crosses the indicator line upwards. Open Sell when the price crosses the indicator line downwards. Advantages Good signals. The indicato
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Volumes Alert Push Mail
Volumes Alert Push Mail
Evgeny Belyaev
The "Volumes Alert Push Mail" is an indicator for the MetaTrader 4, which is based on the standard Volumes indicator with functions for generating alerts, sending messages to email and mobile terminals. Advantages of the "Volumes Alert Push Mail" indicator Highly customizable visualization. Receiving signals in any way possible: emails, push-notifications and alerts. Free technical support from the developer. Parameters Volume - indicator value for sending the messages. Bar - the setting acc
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Exclusive Trendline
Exclusive Trendline
Evgeny Belyaev
Every experienced trader knows that the trend lines should be paid attention in Forex trading. But plotting trend lines takes time, and there can be many of them on the chart as well... Yikes!!! Do you want to know how to easily and simply automate this process? Then read on. There is a solution - a smart and reliable indicator of trend lines - the Exclusive Trendline . All you need to do is attach the indicator to the chart, and it will draw all possible trend lines for you. You just have to ad
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EW oscillator
EW oscillator
Evgeny Belyaev
The EW oscillator is an indicator for the MetaTrader 4 based on mathematical calculations on the price chart. Distinctive features Generates minimum false signals. Excellent for identifying trend reversals. Perfect for scalping. Simple and easy indicator configuration. Suitable for working on the smaller timeframes (up to H4). Works on any financial instrument. Recommended symbols EURUSD, EURGBP, USDCHF, AUDNZD, AUDCAD, GOLD. Recommendations on usage The buy signal is formed when the level
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Eldorado MT4
Eldorado MT4
Evgeny Belyaev
Eldorado MT4 is a new MetaTrader 4 indicator based on a digital filter, it has been developed by a professional trader. By purchasing this indicator, you will receive: Excellent indicator signals! Free product support. Regular updates. You can use it on any financial instrument (Forex, CFD, options) and timeframe. Simple indicator setup, minimum parameters. Signals for Position Opening: Open Buy when the channel goes up. Open Sell when the channel goes down. Recommended Usage It is recommended t
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List swap MT4
List swap MT4
Evgeny Belyaev
The List swap is an indicator for the MetaTrader 4 platform, which allows to display swaps for all symbols (available in the Market Watch). When using the free demo version, you need to remember that the Strategy Tester of the MetaTrader 4 does not provide the ability to obtain data on other symbols. In the Strategy Tester, the swap information will be displayed only for the symbol the indicator is attached to. The indicator can be useful for traders utilizing the "Carry trade" strategy, as well
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