Market / MetaTrader 4 / Indicators /

Currency RSI Scalper MT4

38 USD

Demo downloaded: 700

Published: 12 February 2021

Current version: 1.8

Currency RSI Scalper MT4

4.2

Indicators
Evgeny Belyaev
Version: 1.8
Activations: 5

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

Although the RSI indicator works fine for an interval of the market, it fails to generate profitable signals when the market conditions change, and hence it produces wrong signals resulting in big losses.

Have you ever thought about an adaptive RSI indicator that adapts its based on the market conditions?

The presented indicator implements an optimization algorithm that finds the best overbought and oversold levels.

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

When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner and avoid sitting at your PC all the time.

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

Currency RSI Scalper for the MetaTrader 5 terminal : https://www.mql5.com/en/market/product/33032

Why choose Currency RSI Scalper

The indicator is suitable for scalping and intraday trading.
It is possible to evaluate the effectiveness of the indicator on history.
The indicator does not redraw (recalculate), signals are generated strictly on the "Close of the bar".
It can be used as a standalone tool or together with other indicators.
System of notifications to email and mobile device on new indicator signals.
Ability to customize the color scheme of the indicator.
Optimum operation algorithm, therefore the terminal does not "freeze"

Recommendations on using Currency RSI Scalper

Buy signal: the indicator line crossing the oversold level upwards. If there are open sell positions, they should be closed. See screenshot #2.

Sell signal: the indicator line crossing the overbought level downwards. If there are open buy positions, they should be closed. See screenshot #3.

There may be situations with several consecutive signals in the same direction. In this case, open an additional position in the same direction without closing the previous one. See screenshot #4.

Several positions are to be closed only when an opposite signal appears.

Recommended symbols

Currency pairs: EURUSD, EURGBP, USDCHF, AUDNZD, AUDCAD.

Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP).

Indicator Inputs

Period - RSI setting. Period of averaging for calculation of the indicator.
Method: The method used to calculate the Moving Average. The following options are available: 1-Simple, 2-Exponential, 3-Smoothed, 4-Linear Weighted.
Alert - enable or disable Alerts. True - enabled, false - disabled. Example of an alert: "Currency RSI Scalper EURUSD M30 BUY".
Push - enable/disable sending messages to the mobile terminal. True - enabled, false - disabled.
Arrow size - size of arrows on the chart (1 to 7).
Buy - color of buy arrows.
Sell - color of sell arrows.

more...

895

DanyLbc747 2023.11.03 22:54 #

Good!

730

Stanislav Melnikov 2023.02.20 16:16 #

If the author makes it possible to separately configure the channel and the line separately, this will be the most useful of the paid indicators. I hope in the next update the color settings will not be reset when switching the time frame.Если автор сделает возможным отдельно настраивать канал и линию раздельными, это будет самый полезный из платных индикаторов. Надеюсь в следующем обновлении настройки цвета не будут сбрасываться при переключении таймфрейма. Использую его загрузив дважды в один подвал,настройками цвета сделал канал с одного и линию с второго индикатора, только сигналы теперь приходят как попало, было бы очень полезно, если б Вы учли это при обновлении. Спасибо

bjedpcrt 2022.03.23 11:30 #

Sehr gut. Ich habe die Signale noch für mehr Profit mit zusätzlichen Regeln verfeinert, um in längeren Trends mit zu vielen Fehlsignalen, die ja für immer größere Positionen sorgen, Abhilfe zu schaffen. Ich plane hierzu einen youtube-Kanal, Näheres in Kürze, was ich dann gerne hier posten würde.

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Magic Moving MT5 is a professional indicator for the MetaTrader 5 terminal. Unlike Moving Average , Magic Moving provides better signals and is able to identified prolonged trends. In the indicator, you can set up alerts (alert, email, push), so that you won't miss a single trading signal. You can download the MetaTrader4 version here : https://www.mql5.com/en/market/product/26544 Advantages of the indicator Perfect for scalping. Generates minimum false signals. Suitable for beginners

32 USD

The Magic Histogram MT5 indicator is a universal tool, suitable for scalping and medium-term trading. This indicator uses an innovative formula and allows you to determine the direction and strength of the trend. Magic Histogram MT5 is not redrawn, so you can evaluate its efficiency using history data. It is most suitable for M15, M30, H1 and H4. Magic Histogram for the MetaTrader 4 terminal : https://www.mql5.com/en/market/product/23610 Indicator Benefits Excellent indicator signals!

37 USD

Magic Candles is a new product that allows identifying the current market phase (uptrend, downtrend or flat). This indicator paints bars in different colors depending on the current state of the market and signals the user about trend changes with alerts. Magic Candles is perfect for trading currencies (including cryptocurrencies) and binary options. Advantages Suitable for scalping and intraday trading. The indicator does not redraw (recalculate), signals are generated strictly on the "Cl

35 USD

The Advanced Trend Scalper MT5 indicator is designed to help both novices and professional traders. The indicator analyses the market and gives you buy and sell signals. It does not use any other indicators, it works only with the market actions. The signal appears right after the candle close and it does not repaint. The efficient algorithm provides a high degree of reliability of such signals. Advanced Trend Scalpe r for the MetaTrader 4 terminal : https://www.mql5.com/en/market/product/

35 USD

Best Scalper Oscillator is an indicator for MetaTrader 5 based on mathematical calculations on the price chart. This is one of the most common and useful indicators for finding the trend reversal points. Best Scalper Oscillator is equipped with multiple types of notification (push notifications, emails, alerts), which allows opening trades in time. Distinctive features Generates minimum false signals. Excellent for identifying trend reversals. Perfect for scalping. Suitable for working on t

35 USD

Advanced Stochastic Scalper MT5 is a professional indicator based on the popular Stochastic Oscillator. Advanced Stochastic Scalper is an oscillator with dynamic overbought and oversold levels, while in the standard Stochastic Oscillator, these levels are static and do not change. This allows Advanced Stochastic Scalper to adapt to the ever-changing market. When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely ma

35 USD

Professional Histogram MT5 ( PH ) is a highly efficient and reliable tool for determining the direction and strength of the trend. PH is easy to use and configure both for beginners and experienced traders. Unlike most indicators, Professional Histogram finds longer trends and gives fewer false signals. When a buy or a sell signal appears, an alert is triggered allowing you to open a position in a timely manner and avoid sitting at your PC all the time. Professional Histogram for the MetaTrad

34 USD

The Advanced Trend Scalper indicator is designed to help both novices and professional traders. The indicator analyses the market and gives you buy and sell signals. It does not use any other indicators, it works only with the market actions. The signal appears right after the candle close and it does not repaint. The efficient algorithm provides a high degree of reliability of such signals. Advanced Trend Scalpe r for the MetaTrader 5 terminal : https://www.mql5.com/en/market/product/3334

35 USD

Golden Star MT5 is a professional trend indicator for MT5 platform developed by a group of professional traders. The algorithm of its work is based on the original author's method, which allows finding potential trend reversal points with a high probability and receiving signals to enter the market at the beginning of a trend formation. This indicator is suitable for working on gold, cryptocurrency and currency pairs on Forex. The alert system (alert, email and mobile notifications) will help y

40 USD

The Magic Histogram indicator is a universal tool, suitable for scalping and medium-term trading. This indicator uses an innovative formula and allows you to determine the direction and strength of the trend. Magic Histogram is not redrawn, so you can evaluate its efficiency using history data. It is most suitable for M5, M15, M30, H1 and H4. Version for the MetaTrader 5 terminal : https://www.mql5.com/en/market/product/58448 Indicator Benefits Excellent indicator signals! Suitable for beginn

35 USD

Advanced Stochastic Scalper - is a professional indicator based on the popular Stochastic Oscillator. Advanced Stochastic Scalper is an oscillator with dynamic overbought and oversold levels, while in the standard Stochastic Oscillator, these levels are static and do not change. This allows Advanced Stochastic Scalper to adapt to the ever-changing market. When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely mann

35 USD

Magic Channel is a channel indicator for the MetaTrader 4 terminal. This indicator allows finding the most probable trend reversal points. Unlike most channel indicators, Magic Channel does not redraw. The alert system (alerts, email and push notifications) will help you to simultaneously monitor multiple trading instruments. Attach the indicator to a chart, and the alert will trigger once a signal emerges. With our alerting system, you will never miss a single position opening signal! You can t

32 USD

Every experienced trader knows that the trend lines should be paid the special attention in Forex trading. But plotting trend lines takes time, and there can be many of them on the charts… Do you want to learn how to quickly and easily automate this process? Then read on. There is a solution — smart and reliable trend line indicator, the Automatic Trendline . All you need to do is attach the indicator to the chart, and it will draw all possible trend lines for you. You just have to admire the re

34 USD

Magic Moving is a professional indicator for the MetaTrader 4 terminal. Unlike Moving Average , Magic Moving provides better signals and is able to identified prolonged trends. In the indicator, you can set up alerts (alert, email, push), so that you won't miss a single trading signal. MT5 version can be found here You can test the program by downloading the demo version: https://www.mql5.com/en/blogs/post/749430 Advantages of the indicator Perfect for scalping. Generates minimum false signals.

32 USD

Smart Reversal Signal is a professional indicator for the MetaTrader 4 platform; it has been developed by a group of professional traders. This indicator is designed for Forex and binary options trading. By purchasing this indicator, you will receive: Excellent indicator signals. Free product support. Regular updates. Various notification options: alert, push, emails. You can use it on any financial instrument (Forex, CFD, options) and timeframe. Indicator Parameters Perod - indicator calcula

31 USD

EW Oscillator PRO is an indicator for MetaTrader 4 based on mathematical calculations on the price chart. This is one of the most common and useful indicators for finding the trend reversal points. EW Oscillator PRO is equipped with multiple types of notification (push notifications, emails, alerts), which allows opening trades in time. A panel for displaying the information on the indicator signals from different timeframes is located in the top left corner (see screenshot #2). Distinctive fe

31 USD

Spread Monitoring is a unique product for analyzing a spread. Unlike most similar indicators, Spread Monitoring uses ticks rather than bars allowing you to detect abnormal spread expansions. Features Works on ticks rather than bars. Simple and easy indicator configuration. Works on all timeframes. Works on any financial instrument. No repainting. Parameters Total - number of displayed ticks. clrSpread - indicator line color.

FREE

The Click Info is a simple utility that allows the trader to quickly receive information about the High, Low, Open, Close, Time values of the current chart. In order to receive information about a bar, it is necessary to left-click the selected candle. Depending on the settings, either a pop-up Alert or a Comment with the information appears. Information on the bar values (High, Low, Open, Close, Time) can be extremely useful in practice of trading using graphical analysis, evaluation of the Pri

31 USD

Exclusive Average is a custom trend indicator based on the standard Simple Moving Average with an improved operation logic. Signals for Position Opening: Open Buy when the price crosses the indicator line upwards. Open Sell when the price crosses the indicator line downwards. Advantages Good signals. The indicator does not repaint. Sending signals to email and mobile devices. Exclusive Average indicator parameters Indicator_Period - indicator calculation period. SendPush - sending push notif

33 USD

The "Volumes Alert Push Mail" is an indicator for the MetaTrader 4, which is based on the standard Volumes indicator with functions for generating alerts, sending messages to email and mobile terminals. Advantages of the "Volumes Alert Push Mail" indicator Highly customizable visualization. Receiving signals in any way possible: emails, push-notifications and alerts. Free technical support from the developer. Parameters Volume - indicator value for sending the messages. Bar - the setting

32 USD

Every experienced trader knows that the trend lines should be paid attention in Forex trading. But plotting trend lines takes time, and there can be many of them on the chart as well... Yikes!!! Do you want to know how to easily and simply automate this process? Then read on. There is a solution - a smart and reliable indicator of trend lines - the Exclusive Trendline . All you need to do is attach the indicator to the chart, and it will draw all possible trend lines for you. You just have to ad

34 USD

The EW oscillator is an indicator for the MetaTrader 4 based on mathematical calculations on the price chart. Distinctive features Generates minimum false signals. Excellent for identifying trend reversals. Perfect for scalping. Simple and easy indicator configuration. Suitable for working on the smaller timeframes (up to H4). Works on any financial instrument. Recommended symbols EURUSD, EURGBP, USDCHF, AUDNZD, AUDCAD, GOLD. Recommendations on usage The buy signal is formed when the level

33 USD

Eldorado MT4 is a new MetaTrader 4 indicator based on a digital filter, it has been developed by a professional trader. By purchasing this indicator, you will receive: Excellent indicator signals! Free product support. Regular updates. You can use it on any financial instrument (Forex, CFD, options) and timeframe. Simple indicator setup, minimum parameters. Signals for Position Opening: Open Buy when the channel goes up. Open Sell when the channel goes down. Recommended Usage It is recommended t

32 USD

The List swap is an indicator for the MetaTrader 4 platform, which allows to display swaps for all symbols (available in the Market Watch). When using the free demo version, you need to remember that the Strategy Tester of the MetaTrader 4 does not provide the ability to obtain data on other symbols. In the Strategy Tester, the swap information will be displayed only for the symbol the indicator is attached to. The indicator can be useful for traders utilizing the "Carry trade" strategy, as well

32 USD

The Volatility Pro is a professional indicator for the MetaTrader 4 platform This indicator can be used to calculate the volatility using two methods. It is also possible to apply a moving average to the volatility histogram. This indicator allows to easily identify the bars with high volatility, and it will also be useful for traders who trade the volatility breakouts. By purchasing this indicator, you will receive: Excellent indicator signals. Free product support. Regular updates. Unique in

32 USD

The Psychological levels indicator for the MetaTrader 4 terminal. Forex trading is very closely related to psychology. The psychological factors often cause spikes in demand or supply, which is bound to affect the movement of the currency quotes. In Forex, the price usually moves within a certain price corridor, the so-called psychological levels often serve as the boundaries of such corridors. Where are these levels located, and what causes their formation? The psychological Forex levels occur

32 USD

Exclusive Oscillator is a new trend indicator for MetaTrader 4, which is able to assess the real overbought/oversold state of the market. It does not use any other indicators and works only with the market actions. The indicator is easy to use, even a novice trader can use it for trading. Exclusive Oscillator for the MetaTrader 5 terminal : https://www.mql5.com/en/market/product/22300 Advantages Generates minimum false signals. Suitable for beginners and experienced traders. Simple and eas

25 USD

Filter:

895

DanyLbc747 2023.11.03 22:54 #

Good!

826

Issam Khettabi 2023.05.20 03:34 #

useless

730

Stanislav Melnikov 2023.02.20 16:16 #

bjedpcrt 2022.03.23 11:30 #

483

tsany 2022.01.27 12:54 #

Выглядит обещающее! Спасибо!