RSI Breakout Dashboard is a tool for simultaneous analysis of many currency pairs for the breakdown of Oversold zones orA outline.

the number of displayed characters is 30, and the title of every character could be edited from the parameters.

The analyzer can send alarms via the terminal, pushnotifications to mobile devices, and email alerts. You can also pick the timeframes where you would like to send notifications, as well as define the maximum spread at which notifications will be sent.

the most important parameters are the RSI period (“RSI_Period”) and 2 RSI levels (“rsi_breakout_low_level”, “rsi_breakout_high_level”). Notifications are sent above the minimum level and below the maximum level if the RSI value that previously exceeded the maximum or minimum level has increased or decreased by the hysteresis value (“breakout_hysteresis”). This makes it possible to filter out low-quality / false signals due to fluctuations in the RSI value.

An example will serve as a better explanation

Setting three parameters:

Oversold – BUY (RSI moves from Oversold to Neutral):

When the RSI value becomes less than or equal to 25 (rsi_breakout_low_level-breakout_hysteresis), the indicator waits until rsi_breakout_low_level is crossed, and then gives an alert. In the case of overbought, the opposite is true.

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Another parameter is “only_closed_bars”. If the value is “True”, the indicator analyzes only the values from closed candles, and alerts are sent after the candles close. If the value is “False”, the values are analyzed in real time, and alerts are sent immediately based on the current values. Using “only_closed_bars”, you can filter out signals between candle closes, which I call”noise”.

You can add a comment for each alert:“breakout_from_oversold_comment “(breakout of the oversold level, default:” BUY”) and” breakout_from_overbought_comment “(breakout of the overbought level, default:” SELL”), which are inserted between the timeframe and the RSI period. Information received in notifications: symbol, timeframe, comment, RSI (with a specified period) breakout of the oversold/overbought zone at the RSI level, etc.:

EURUSD M15 BUY – RSI (14) breakout from OverSold zone at 30.

If you leave empty fields in these parameters, notifications will be sent without comments.

You can choose whether the entire text of the email notification is in the body or in the subject of the email (“alert_on_email_subject”). When set to False, notifications take the form:

• Subject: GBPUSD
• The body (comments included): M15 a SELL – RSI (14) breakout from OverBought zone at 70

If you set “alert_on_email_subject” to True , all text will be in the subject.

The panel header always displays 4 current parameters: the RSI period, the breakdown of the maximum and minimum RSI levels, and the hysteresis.

The displayed RSI values are rounded to the nearest integer.

• Green indicates that the RSI value is below rsi_breakout_low_level, reduced by breakout_hysteresis (oversold zone).
• Red-RSI is above rsi_breakout_high_level, increased by breakout_hysteresis (overbought zone).
• Black-RSI is between rsi_breakout_low_level-breakout_hysteresis and rsi_breakout_low_level or between rsi_breakout_high_level breakout_hysteresis and rsi_breakout_high_level (hysteresis zone).
• Gray-The RSI is located between the minimum and maximum levels (neutral zone).

You can specify the maximum spread at which notifications will be received using the “alerts_max_spread” parameter. Spread values can have different colors. When the value is less than or equal to the maximum spread-green, 1-1. 5 times higher-orange, and when the value is higher than one and a half times-red.

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