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RSI 3TF Alert Indicator MT4

RSI 3TF Alert Indicator for MetaTrader 4

The RSI 3TF Alert Indicator for MetaTrader 4 (MT4) is designed around the RSI indicator utilizing a 2-period configuration.

The RSI 3TFA integrates 3 distinct RSI indicators into a single chart view, making market analysis more streamlined for traders. When all 3 RSI indicators move above the 50 threshold, the RSI 3TFA generates a buy signal, and conversely, when they cross below the 50 level, it issues a sell signal. The yellow dots (blue in default configuration) on the RSI 3TFA oscillator align with the parameters of 3 supplementary RSIs, and through parameter adjustments, the tool can accommodate up to 6 RSIs simultaneously.

«Indicator Installation & User Guide»

MT4 Indicator Installation | RSI 3TF Alert Indicator MT5 | ALL Products By TradingFinderLab | Best MT4 Indicator: Refined Order Block Indicator for MT4 | Best MT4 Utility: Trade Assistant Expert TF MT4 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT4 | Money Management: Easy Trade Manager MT4 | Trade Copier: Free Fast Local Trade Copier MT4

 

RSI 3TFA Specifications

Category

Oscillator - Signal and Prediction - Volatile

Platform

MetaTrader 4

Skill Level

Intermediate

Indicator Type

Continuation - Reversal - Leading

Timeframe

1 minute - 5 minutes - 15 minutes - 30 minutes - 1 hour - 4 hours

Trading Style

Scalping - Day Trader - Intraday Trader

Trading Markets

Forex - Cryptocurrencies - Indices

 

Buy Signal Example (RSI 3TFA)

Examining a 15-minute EUR/USD chart, the RSI 3TFA oscillator triggered a buy signal when the 3 RSI indicators crossed over. Following this indication, the market initiated an upward trajectory and continued its ascent.

 

Sell Signal Example (RSI 3TFA)

On a 1-hour AUD/CAD chart, the RSI 3TFA oscillator produced a sell signal when the 3 RSI indicators crossed. Subsequently, the market began a downward movement and declined.

 

RSI 3TFA Configuration Options

  • RSI_INPUT_1: RSI 1 Configuration
  • RSI_Period_1: Calculation Period for RSI 1
  • RSI_Period_2: Period for RSI 2
  • RSI_Period_3: Period for RSI 3
  • RSI_INPUT_2: RSI 2 Configuration
  • RSI_Period_B1: B1 Period for Indicator Computation
  • RSI_Period_B2: B2 Period
  • RSI_Period_B3: B3 Period
  • TF1: Timeframe for Chart 1 for RSI 3TFA Computation. A value of 0 causes the indicator to automatically select the next higher timeframe from the current chart timeframe.
  • TF2: Timeframe for Chart 2. A value of 0 results in automatic selection of two higher timeframes from the current chart.
  • TF3: Timeframe for Chart 3. A value of 0 prompts automatic selection of three higher timeframes from the current chart.
  • Line Size 1: Modify Pink Line Thickness
  • Line Size 2: Modify Turquoise Line Thickness
  • Line Size 3: Modify Red Line Thickness
  • Line Size 4: Modify Line 4 Thickness
  • Dot Size RSI: Adjust RSI Dot Dimensions
  • Dot Size ARROW: Adjust Signal Arrow Dimensions
  • Dot Size ZERO: Adjust Zero Line Dot Dimensions
  • Dot Size RSI5: Adjust RSI 3TFA Upper Border Dot Dimensions
  • Number Of Bars: Quantity of Bars for Indicator Computation

 

Conclusion

The RSI 3TF Alert Indicator (RSI 3TFA) efficiently delivers buy signals during uptrends and sell signals during downtrends to traders, simplifying analytical processes while leveraging the indicator's multi-timeframe (MTF) functionality.

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