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CustomRsi50 Alert and Mail at cross

30 USD

Demo downloaded: 1

Published: 11 September 2024

Current version: 1.5

CustomRsi50 Alert and Mail at cross

Indicators
Francesco Capurso
Version: 1.5
Updated: 11 September 2024
Activations: 20

Description

The CustomRSI50 Alert and Mail at Cross is an advanced technical indicator based on the popular Relative Strength Index (RSI), designed to simplify automated trading with immediate notifications via alerts and emails when the RSI level crosses the 50 threshold. The indicator provides a clear and customizable visualization of the RSI, with a particular emphasis on the critical 50 level for many traders in momentum analysis.

Main Features

Sending alerts and email notifications at the 50 level crossover
Configurable RSI period
Highlighted reference level of 50
Customizable applied price type
Display in a separate window
Fixed scale from 0 to 100 for easy interpretation

Customizable Parameters

RSI_Period: Allows setting the period for RSI calculation (default: 14)
applied_price: Allows selecting the price type to use for calculation (default: closing price)
EnableAlert: Enables or disables sound alerts
EnableEmail: Enables or disables sending email notifications
LookBackCandles: Number of candles to consider for crossovers (default: 5)

How to Use CustomRSI50 Alert and Mail at Cross (Setup and Configuration)

Apply the indicator to any chart in your MetaTrader 5.
Customize the RSI period and price type according to your preferences.
Configure the alert and email notification parameters to receive real-time alerts on crossovers.
Adjust the number of candles to determine the reference period for recent crossovers (LookBackCandles).
Observe the movement of the RSI in relation to the 50 level:
- Values above 50 indicate bullish momentum.
- Values below 50 indicate bearish momentum.

What to Watch For (Signal Interpretation and Higher Cycles)

The indicator provides signals based on the RSI crossing the 50 level. Here’s how to use it for reliable signals:

Entry Signal: When the RSI crosses the 50 level at candle close, you can enter with a risk/reward ratio of 1:1.5, which can be extended if needed.
Higher Cycle: An important additional confirmation can be obtained by observing the behavior of the RSI on higher timeframes. For example, if on a higher timeframe (H4 or H8) the RSI is above 50, it is preferable to only look for long signals on smaller timeframes like H1 or M15.

Cyclical Table to Confirm Signals with Higher Cycle

Operational Timeframe	Confirmation Timeframe	Action Strategy
M5	H1	Look for long signals on M5 only if the RSI on H1 is above 50; short signals if it is below 50
M15	H4	Look for long signals on M15 only if the RSI on H4 is above 50; short signals if it is below 50
H1	H8	Look for long signals on H1 only if the RSI on H8 is above 50; short signals if it is below 50
H4	Daily	Look for long signals on H4 only if the RSI on Daily is above 50; short signals if it is below 50

Support and Troubleshooting

If you experience malfunctions or issues with the indicator, we invite users to contact us providing the error code displayed in the MetaTrader terminal. This will allow us to provide targeted and quicker assistance. Without the error code, troubleshooting may take longer.

Advantages

Immediate notifications via alerts and emails at the RSI crossover
Clear visualization of market momentum
Easy identification of trend changes around the 50 level
Customization to fit various trading strategies
Time-saving and automatic monitoring of RSI signals without constantly watching the chart
Ability to integrate higher cycle analysis for more reliable signals

CustomRSI50 Alert and Mail at Cross is the ideal tool for traders looking to receive immediate and accurate trading signals based on the RSI, improving operational efficiency and saving valuable time. By integrating higher cycle monitoring, this indicator becomes a powerful ally for obtaining reliable signals in any timeframe.

Email Configuration Guide for MetaTrader 5

1. Preparing Your Google Account

Log in to your Google account: https://myaccount.google.com/
Go to the "Security" section
Ensure that "Two-Step Verification" is enabled
Search for "App Passwords" and select it
In the "Select app" section, choose "Other (Custom name)"
Enter a name like "MetaTrader 5"
Click "Generate"
Copy the generated 16-character password. Do not close this window until you have completed the configuration in MetaTrader

2. Configuration in MetaTrader 5

Open MetaTrader 5
Go to "Tools" > "Options"
Select the "Email" tab
Check the "Enable" box
Fill in the fields as follows:
- SMTP Server: smtp.gmail.com:465
- SMTP Login: [your full Gmail address]
- Password: [paste the generated app password here]
- From: [your Gmail address]
- To: [the email address where you want to receive notifications]
Click "Test" to send a test email
If you receive the test email, click "OK" to save the settings

3. Configuring Permissions for Expert Advisors

In MetaTrader 5, go to "Tools" > "Options"
Select the "Expert Advisors" tab
Make sure "Allow automated trading" is checked
Click "OK" to save

Email Setup in MetaTrader 5 (Example with Gmail)

To receive email notifications, you need to correctly configure the email settings in MetaTrader 5. Below is a step-by-step guide with an example for Gmail:

Open MetaTrader 5 and go to Tools > Options.
Select the Email tab.
Fill in the required fields to configure email sending via Gmail:
- SMTP Server: smtp.gmail.com:465
- Login: Your Gmail email address (e.g., youremail@gmail.com)
- Password: The password for your Gmail account. Make sure to enable access for "less secure apps" in your Google account, or use an app-specific password if you have two-factor authentication enabled.
- From: Your Gmail email address (e.g., youremail@gmail.com)
- To: Your email address or another account where you want to receive notifications (e.g., youremail@gmail.com or another).
Click Test to verify the configuration. If the configuration is correct, you will see a confirmation message and receive a test email.

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Version 1.5 2024.09.11

Version 1.5 - Update Description:
In this update, we've rolled back previous modifications that aimed to reduce the number of alerts. Instead, the indicator now keeps all original alert features intact, providing timely notifications without limiting or clearing any messages.

Key changes in this version:

Reverted the temporary adjustments designed to limit or remove alerts after a certain time.
Reintroduced full functionality for RSI 50 level cross alerts, both for long and short signals, with no restrictions on message retention.
Maintained all email notifications and popup alerts features for immediate trade opportunities detection.
Optimized the core logic to ensure alerts are fired at the right moment, based on RSI crosses, without removing or clearing past signals.
Improved stability and overall performance.
This version is ideal for traders who prefer a continuous flow of alert messages without interruptions or auto-clear features.