Overview
The RSI Simple Alerts Custom Indicator for MetaTrader 4® provides real-time alerts when the Relative Strength Index (RSI) enters or exits overbought/oversold zones. Designed for traders who rely on RSI signals, this tool enhances decision-making with multichannel notifications (popups, emails, mobile push alerts).
Key Features
- Instant Alerts: Notifies when RSI crosses predefined thresholds (default: 70 for overbought, 30 for oversold).
- Flexible Configuration: Choose alert triggers (entry/exit/both) and customize RSI line colors.
- Multi-Platform Alerts: Supports screen popups, email, audio, and MT4® mobile app notifications.
How the Indicator Works
The indicator applies the standard RSI formula used in MetaTrader 4®’s default RSI but adds customizable alert functionality. It monitors the active chart timeframe and triggers alerts based on user-defined conditions.
Core Parameters
| Parameter | Description |
|---|---|
| RSI Period | Number of candles for RSI calculation (default: 14). |
| OverBought Level | Threshold for overbought conditions (e.g., 70). |
| OverSold Level | Threshold for oversold conditions (e.g., 30). |
| Alert Types | Both, Cross Into OB/OS Rng, or Cross Out OB/OS Rng. |
| Notification Modes | Enable popups, mobile push, or email alerts (true/false). |
Installation & Requirements
Technical Setup
- Compatibility: Works exclusively on MetaTrader 4® (desktop version).
System Requirements:
- MT4® installed on a Windows PC.
- Active internet connection for notifications.
- For 24/7 alerts, use a VPS service if your PC isn’t always on.
Steps to Install
- Download the
.ex4file from the provider. - Copy it to MT4®’s
MQL4/Indicatorsfolder. - Restart MT4® and drag the indicator onto your chart.
Trading Strategies with RSI Alerts
This indicator complements strategies like:
- Divergence Trading: Spot price-RSI divergences for reversals.
- Overbought/Oversold Bounces: Fade extreme RSI levels in ranging markets.
Pro Tip: Combine RSI alerts with other tools (e.g., moving averages) to filter false signals.
Frequently Asked Questions
❓ Do I need MT4® running to receive alerts?
Yes, your PC must be powered on with MT4® open. For uninterrupted alerts, consider a VPS.
❓ Can I use this on MT4® mobile?
Custom indicators aren’t supported on mobile, but push notifications via the MT4® app will work.
❓ Is there a refund policy?
Digital products are non-refundable. Test the free demo before purchase.
❓ Does this indicator auto-trade?
No. It only provides alerts—you execute trades manually.
Why Choose This Indicator?
- Save Time: Automate RSI monitoring across multiple charts.
- Customizable: Tailor alerts to your trading style.
- Reliable: Built on MT4®’s native RSI calculations.
👉 Download the demo now to test risk-free!
Disclaimer: Trading involves risks. Past performance doesn’t guarantee future results. Use this tool as part of a broader strategy.