RSI Simple Alerts Custom Indicator
for MetaTrader 5^®

The Idea Behind the Indicator

Never miss another Relative Strength Index (RSI) overbought or oversold signal again.

This custom indicator for MetaTrader 5® will send an alert via your PC screen, MT5® mobile app, email, or mobile phone text message whenever the RSI becomes overbought or oversold.

Use one or more alert options at the same time.

RSI Alerts on the Chart

Input Parameters 

There are Input tab settings.

Settings on the Inputs Tab in the RSI Alerts Indicator

• Period — the number of candles to calculate the current RSI value.
• OverBought Level — the RSI value that is considered overbought.
• OverSold Level — the RSI value that is considered oversold.
• Main Color — the color of the RSI line when it is neither overbought nor oversold.
• OverSold Color — the color of the RSI line when it is oversold.
• OverBought Color — the color of the RSI line when it is overbought.
• alertType both — send an alert when the RSI both exits and enters the overbought or oversold conditions.
• alertType Cross Into OB/OS Rng — send an alert when the RSI crosses into the overbought or oversold ranges.
• alertType Cross Out OB/OS Rng — send an alert when the RSI crosses out of the overbought or oversold ranges.
• DoAlert — send a sound/popup on the screen (true or false).
• DoNotification — send a mobile app push notification (true or false).
• DoEmail — send an email alert (true or false). It can be used to send a text message if your mobile provider allows email-to-text functionality.

Technical Requirements

Here is what you need to run this indicator.

• A computer capable of running the MetaTrader 5® desktop version.
• Your computer must be turned on during trading hours. MT5® must be running to get alerts. If you cannot do it at your home or office, subscribe to a VPS service.
• MetaTrader 5® is installed on your desktop or laptop computer.
• The indicator must be installed and configured on the chart you want to alert on. Create a template to add the tool to all charts easily.

Frequently Asked Questions

• Does my computer have to be running to get alerts? Your computer must be turned on, and MT5® must be running. In addition, this indicator must be added to the chart that you want to monitor.
• Can this indicator be added to the MT5® mobile app? No, the mobile app does not allow custom indicators. The best way to get an alert on a mobile device is to have this indicator send alerts to the mobile app.
• What is your refund policy? All sales are final since downloadable products cannot be returned. Please be sure that you are using MetaTrader 5® before buying. If you are having 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. The RSI alone is NOT a trading strategy. You should have a proven RSI strategy before using this indicator.
• Will it work with my broker? This indicator will work with any broker that uses the MetaTrader 5® 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 track down currency pairs and chart timeframes on opened charts (on which the indicator is attached and correctly configured).
• Does this indicator place trades? No, it does not. Therefore, you are 100% responsible for placing your trades and gains/losses.