RSI With Alert MT4
- Indicators
- Tuan Nguyen Van
- Version: 2.0
RSI With Alert
Relative strength index (RSI) indicator is a popular technical indicator in the family of oscillators.
RSI oscillates between 0 and 100 and traders use it to spot overbought and oversold states in the market.
Typically, a value above 70 means that the instrument is overbought and due to a retracement. A value below 30 means that the trading instrument is oversold.
RSI indicator strategies
This indicator allows you to get notifications when some conditions trigger. You can receive notifications via:
- Email
- Mobile app
- On screen
Another interesting feature of MetaTrader RSI Alert indicator is that it can draw buy and sell signals in the form of arrows when a signal occurs.
You can also create your own horizontal lines inside the indicator's window to get alerts when the RSI indicator crosses those lines:
With MetaTrader RSI Alert indicator, you can do the following:
Set your preferred thresholds for overbought and oversold areas.
Get notified when RSI is overbought or oversold.
Get notified when RSI comes back from overbought or oversold ares.
The indicator is completely free to download and use.
Find more on https://t.me/FXScalpingPro