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currency RSI Scalper Free MT5 is a professional index based to the well-known Relative Strength Index
(RSI) indicator.

This item is an oscillator with lively levels of overbought and oversold, the standard RSI these levels are
static and never change.

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

When a buy or sell signal seems, an arrow is drawn on the chart and an alert appears, which allows you to open a position in a timely manner and
not sit consistently at the computer monitor.

Currency RSI Scalper Free MT5 is a demo version, it only works on the EURGBP currency pair. Version without restrictions
you can buy it here:

https://www.mql5.com/ru/market/product/33032

Currency RSI Scalper Free MT5 is a demo version, it only works on the EURGBP currency pair. Version without restrictions
you can buy it here:

https://www.mql5.com/ru/market/product/33032

  • The indicator is suitable for scalping and intraday trading.
  • It is possible to evaluate the effectiveness of the indicator on the history.
  • There is no redrawing (recalculation) of the indicator, the signal is sent strictly at the “closing of the bar”.
  • It can be used as an independent tool, or in conjunction with other indicators.
  • Notification system for email and mobile phone when the indicator signal appears.
  • Ability to customize the color design of the indicator.
  • The optimal algorithm of operation, so the terminal does not”hang”.
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Buy signal: the indicator line crosses the oversold level from the bottom up. If there are open positions for sale, they need to be
closed. 

See
screenshot # 2
.

Sell signal: the overbought level is crossed by the indicator line from top to bottom. If there are open buy positions, they need to be
closed. 

See
screenshot # 3
.

There are situations when there are several signals in one direction going after each other, in this case you need to open another position in
the same direction without closing the previous one. 

See
screenshot # 4
.

Closing several positions is necessary only when a signal appears in the opposite direction.

  • Period – setting the RSI. The averaging period for calculating the indicator.
  • Method – method for calculating the moving average. You can choose one of these values: 1-Simple, 2-Exponential,
    3-Smoothed, 4-Linearly weighted.
  • Alert – enable or disable the Alert. If true-enabled, false-disabled. An example of an alert: “Currency Scalper RSI EURUSD
    M30 BUY”.
  • Email – enables or disables sending messages to email. If true-enabled, false-disabled.
  • Push – enable or disable sending messages to a mobile phone. If true-enabled, false-disabled.
  • Arrow size – the size of the arrows on the chart (from 1 to 7).
  • Buy – the color of the arrows to buy.
  • Sell – color of the arrows for sale.

Our Useful Features & Services

Published

02 September 2019

Updated

14 July 2020

Current Version

5.0

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Valentin Butorin December 28, 2020 1:13 pm
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parab1900 December 28, 2020 1:12 pm
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