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RSI Oscillator Breakout SW

The likelihood of farther price movement increases when Relative Strength Index oscillator "RSI" breaks through its historical resistance levels in conjunction with prices breakout of resistance levels. It's strongly encouraged to confirm price breakout with oscillator breakout since they have comparable effects to price breaking support and resistance levels; similar perception is applied to short trades.

Concept is based on find swing levels which based on number of bars by each side to confirm peak or trough and in turn subjected to change by indicator settings "swing backstep".

Concept of oscillator support & resistance breakout is explained by the first & second screenshot. Thresholds have been provided to utilize if required, but remember to disable when looking for the earliest reversal signal.

Indicator signals are shown only on separated window; however, in case of desire to have signals displayed on chart window, pertained indicator could be found at https://www.mql5.com/en/market/product/122044

Having desire to use the indicator in your EA, consider buffer no 3 for long trades, and buffer no 4 for short trades. Indicator recommended to be used along with other indicators for price support and resistance, supply & demand zones, and/or trend indicator/s

indicator setting:

  • Backward number of bars :  No of backward bars in demand to analyse by indicator
  • Swing Backstep (min no of bars) : minimum no of bars to form peak or trough by each side
  • RSI indicator Period : applied number of bars for RSI calculation
  • RSI applied price : price type used for RSI calculation
  • Bullish Threshold (if not required >> -10.0) :  minimum RSI value to consider overbought and display signal; having no desire to use threshold and display signals of any breakout, use a very low value (ex. -10.0)
  • Bearish Threshold (if not required >> +110.0) :  maximum RSI value to consider oversold and display signal; having no desire to use threshold and display signals of any breakout, use a very high value (ex. +110.0)
  • Show only early breakout signals : Only display oscillator breakouts when occurs together with delay of price breakout (if required).
  • Breakout Signal Gap :  controls the distance between signal arrow and RSI curve

Note: No indicator will guarantee 100% of winning trades, but trader shall backtest for optimized setting in conjunction with other indicators

MT4 version available at https://www.mql5.com/en/market/product/120307

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Daniel Stein
4.17 (6)
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Easy Buy Sell is a market indicator for opening and closing positions. It becomes easy to track market entries with alerts. It indicates trend reversal points when a price reaches extreme values ​​and the most favorable time to enter the market. it is as effective as a Fibonacci to find a level but it uses different tools such as an algorithm based on ATR indicators and Stochastic Oscillator. You can modify these two parameters as you wish to adapt the settings to the desired period. It canno
ATrend
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ATREND: Nasıl Çalışır ve Nasıl Kullanılır ### Nasıl Çalışır "**ATREND**" göstergesi, MT5 platformu için tasarlanmış olup, traderlara sağlam alım ve satım sinyalleri sağlamak amacıyla teknik analiz metodolojilerinin bir kombinasyonunu kullanır. Bu gösterge, öncelikle volatilite ölçümü için Ortalama Gerçek Aralık (ATR) kullanır ve potansiyel piyasa hareketlerini belirlemek için trend tespit algoritmalarıyla birleştirir. Satın aldıktan sonra bir mesaj bırakın ve özel bir bonus hediyesi kazanın. ##
Enjoy a   50% OFF   Christmas holiday sale!   Offer ends 27 December 2025 . After your purchase, feel free to contact me for more details on how to receive a bonus indicator called VFI, which pairs perfectly with Easy Breakout for enhanced confluence!     Easy Breakout MT5   is a powerful price action trading system built on one of the most popular and widely trusted strategies among traders: the   Breakout strategy ! This indicator delivers crystal-clear Buy and Sell signals based on bre
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High
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Top indicator for MT5   providing accurate signals to enter a trade without repainting! It can be applied to any financial assets:   forex, cryptocurrencies, metals, stocks, indices .  Watch  the video  (6:22) with an example of processing only one signal that paid off the indicator! MT4 version is here It will provide pretty accurate trading signals and tell you when it's best to open a trade and close it. Most traders improve their trading results during the first trading week with the help of
Gann Kare Göstergesi, W.D. Gann tarafından yazılan "Piyasa Tahminleri için Matematiksel Formül" makalesine dayalı güçlü bir piyasa analizi aracıdır. Bu araç, piyasa analizi için matematiksel ve Gann teorilerini kullanarak hassas analizler gerçekleştirir. 144, 90, 52 karelerini ve ayrıca 9 karesini kullanır. Ayrıca, ın 9 karesi ve bu kareyle ilişkili kanallar ve yıldız modelleri için yöntemini içerir. Kullanıcı Kılavuzu ve Uygulama: Bu göstergeleri kullanmadan önce, kullanıcı kılavuzunu okumanız
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MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
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Mohamed Hassan Mohamed Hassan Alsherbiny
When prices breakout resistance levels are combined with Larry Williams' Percent Range oscillator "WPR" breaks out its historical resistance levels then higher chances emerges to record farther prices. It's strongly encouraged to confirm price breakout with oscillator breakout since they have comparable effects to price breaking support and resistance levels; certainly short trades will have the same perception. Concept is based on find swing levels which based on number of bars by each side to
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Mohamed Hassan Mohamed Hassan Alsherbiny
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