RSI Alerts Indicator
for NinjaTrader

The Idea Behind the Indicator

The indicator sends alerts when the RSI indicator closes in overbought or oversold. The RSI Alerts indicator includes the standard RSI calculation used by the default RSI indicator in NinjaTrader 8. Also, this tool sends alerts on the timeframe currently opened on the chart.

RSI Simple Alerts on the Chart

Indicator Parameters

Input Parameters.

The input parameters consist of 3 groups.

Alerts group:

• Alerts. Send a sound/popup on the screen (true or false).
• Cross Type:
  • both: Send an alert when the RSI both exits and enters the overbought or oversold conditions.
  • Cross Into OB/OS Rng: Only send an alert when the RSI crosses into the overbought or oversold ranges.
  • Cross Out OB/OS Rng: Only send an alert when the RSI crosses out of the overbought or oversold ranges.

Colors group:

• OverSold Color: The color of the RSI line when it is oversold.
• OverBought Color: The color of the RSI line when it is overbought.
• Main Color: The color of the RSI line when it is neither overbought nor oversold.

Main parameters:

• Period: The number of candles used to calculate the current RSI value.
• OverBought Level: The RSI value that is considered overbought.
• OverSold Level: The RSI value that is considered oversold.

Technical Requirements

Here is what you need to run this indicator:

• A computer capable of running the NinjaTrader 8 desktop version.
• Your computer must be turned on during trading hours. NT8 must be running to get alerts. If you cannot do it at home or in the office, consider subscribing to a VPS service.
• NinjaTrader 8, installed on your computer or laptop.
• The indicator must be installed and configured on the chart you want to alert on. Create a template to easily add the tool to all charts.

Frequently Asked Questions

• Does my computer have to be running to get alerts? Yes, your computer must be turned on, and NT8 must run. In addition, this indicator must be added to the chart that you want to monitor.
• What is your refund policy? All sales are final since downloadable products cannot be returned. Please be sure that you are using NinjaTrader 8 before buying. If you have issues with your indicator, contact 4xDev Support. We are happy to help.
• Are all RSI signals potential trading opportunities? No. This indicator assists with trading strategies that use the RSI as a potential trading signal. RSI alone is NOT a trading strategy. You need to have a proven RSI strategy before using this indicator.
• Will this work with my broker? This indicator will work with any broker that uses the NinjaTrader 8 platform.
• Should I use a demo account? It is highly recommended that you use this indicator in a demo account before you trade live. Then you will get a feel for how it works.
• Can this indicator be used on more than one computer? You can use the tool on any computer you own.
• Does this indicator track all timeframes and currency pairs? No, it will only monitor currency pairs and chart timeframes on opened (on which the indicator is attached and correctly configured).
• Does this indicator place trades? No, it does not. Therefore, you are 100% responsible for your trades and gains/losses.