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Currency RSI Scalper MT5 is a professional indicator based on the well-known Relative Strength Index (RSI) indicator.

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

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

When a buy or sell signal appears, 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 constantly at the computer monitor.

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

You can download the Currency RSI Scalper version for the MetaTrader 4 terminal here: https://www.mql5.com/ru/market/product/33895.

You can download the Currency RSI Scalper version for the MetaTrader 4 terminal here: https://www.mql5.com/ru/market/product/33895.

  • 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. Example of an alert: “Currency RSI Scalper 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, it is enabled, or false, it is 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.

If you have any questions or suggestions about the product, you can contact me via Profile: https://www.mql5.com/ru/users/genino

Our Useful Features & Services

Published

06 November 2018

Updated

20 July 2020

Current Version

4.0

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mochi Lin January 12, 2021 3:52 pm
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