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RSI Divergence Alert Indicator for MT5

RSI divergence custom indicator for MT5
RSI divergence alert indicator example
RSI Divergence indicator settings
Get alerts via

$197.00

Stop missing Relative Strength Index (RSI) Divergence trading opportunities. Get MetaTrader 5 alerts via app notification, screen alert, email and/or text message (where available).

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Category: MetaTrader 5 Custom Indicators Tags: 4XDev Products, Relative Strength Index (RSI)
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Description

Stop Missing RSI Divergence Trading Opportunties

Get alerts via mobile app, screen, email and/or text message

Press play to see the indicator in action…

$197

Buy Now

(one-time payment)

 

Let This Indicator be Your “Second Set of Eyes”

We’ve all been there…

You see a perfect RSI divergence setup…that just passed you by. 

Unfortunately, it can be easy to miss divergence opportunities.

You have a lot of things to do during the day, so it can be easy to forget to check your charts.

This indicator will keep an eye on the charts, even when you can’t. 

Simply turn on mobile app notifications and your desktop or laptop will send an alert to your mobile phone.

It’s like having a trading assistant that watches the charts for you. 

How the RSI Divergence Alert Indicator Works

This alert indicator first looks for an overbought or oversold condition on the RSI, to increase the probability of success.

By looking for this condition first, it increases the probability of success because price is at an extreme point and could be ready to reverse.

Once there is an overbought or oversold condition, the indicator looks for any divergences that happen after the overbought or oversold condition.

Example

This is a bullish example of the indicator.

Each instance is marked with lines on both the price graph and the RSI graph and an arrow, so you can easily see the divergence.

There is also an arrow that marks the candle that completed the divergence.

RSI divergence alert indicator example

Once the signal candle closes and divergence is confirmed by the indicator, you’ll get an alert.

Get alerts on any one or multiple notification methods you choose: 

  • MT5 mobile app push notification
  • Screen alert with sound
  • Email
  • Text message (only if your mobile phone service provides email-to-text capability)

$197

Buy Now

(one-time payment)

 

Settings Explained

RSI Divergence indicator settings

  • Send push notification: Send push notification to MT5 mobile app
  • Send email: Send email alert (requires email to be setup in MT5 desktop)
  • Send Screen alert: Send on-screen alerts in MT5 desktop
  • Overbought level: The alert level for overbought signals
  • Oversold level: The alert level for overbought signals
  • RSI period: Number of periods to use to calculate current RSI value
  • No. of Max/Min Points: Number of divergences to look for after each overbought/oversold condition. 10 is a good place to start.
  • High divergence line color: The color of a bearish line
  • Low divergence line color: The color of a bullish line
  • Line thickness: Line size
  • Arrow sign: Show arrow?
  • Arrow up code: Bullish arrow shape
  • Arrow down code: Bearish arrow shape
  • Arrow up color: Bullish arrow color
  • Arrow down color: Bearish arrow color
  • Arrow offset: Distance between arrow and candles
  • Arrow size: Set the arrow size

Technical Requirements

Here’s what you need to run this indicator.

  • A computer capable of running MetaTrader 5 desktop version.
  • MetaTrader 5 installed on your desktop or laptop computer.
  • Your computer must be turned on, MT5 must be running in order to get alerts. If you cannot do this at your home or office, consider subscribing to a VPS service.
  • The indicator must be attached to the chart you want to watch, with alerts activated in the settings.
  • A reliable internet connection.

Professional Quality Programming and Support

We have partnered with 4XDev, one of the top trading software development companies, to create this indicator.

When you buy this plugin, you can be assured that you are getting the highest quality programming at a reasonable price. 4XDev provides full support for this indicator and you can contact them if you have any questions.

They are also available for customizations of this indicator.

$197

Buy Now

(one-time payment)

 

Frequently Asked Questions

Click the “+” symbol to see the answer to each question.

Can I pay with Cryptocurrency?
Yes! Simply select Bitcoin or Bitcoin Cash as your payment type during checkout.
Is there a guarantee?
If you have any issue with the indicator, contact support and they will work with you for as long as it takes to get your issue resolved. We do NOT provide refunds because downloadable software cannot be returned.
Will this work with my broker?
This indicator will work with any broker that uses the MT5 platform.
Will this indicator work on a Mac?
This indicator will work on almost all Macs that have MT5 already installed. However, if you use programs like Wine, Crossover for Mac, and PlayOnMac to run MT5, you may have issues. We strongly advise against using these types of software that try to run Windows programs without an actual installation of Windows. Programs that require an installation of Windows (like VMWare or Parallels) usually work great. The best thing to do before buying this indicator is to download a free indicator and see if you can add it to your installation of MetaTrader. If you can, then this indicator will work also.
Will this indicator work on the mobile or web versions of MT5?
No, you can only use custom indicators with the desktop version of MT5. So the best way to get alerts when you are away from your desk, is to setup an alert indicator like this on your desktop or laptop, then send the alerts to your mobile device.
How do I download the indicator after I purchase it?
After your purchase, you’ll receive an email with instructions on how to download this indicator.
Does this indicator place trades?
No it does not. Therefore, you are 100% responsible for placing your trades, and your gains/losses. 
Can I use this indicator on more than one computer?
Yes, you can use this on any computer that you own.
Does this indicator track all timeframes and currency pairs?
No, it will only track currency pairs and chart timeframes on charts that are open and on which the indicator is attached and correctly configured. 
Will this indicator work on MT4?
No, this indicator only works on the desktop version of MT5.
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.
Does my computer have to be running to get alerts?
Yes, 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. If you cannot keep your computer on, consider getting a Virtual Private Server (VPS).

$197

Buy Now

(one-time payment)

 

 

 

More Information

Platform

For MetaTrader 5 desktop version only

Payment Options

Major Credit Cards, PayPal, Bitcoin or Bitcoin Cash

Payment Term

One-time payment, no recurring charges

Terms of Use

Although every effort has been made to create the best MetaTrader 5 indicators on the market, we are not responsible for trading losses associated with the use of this indicator. By using this indicator, you automatically agree to our <a href="https://store.tradingheroes.com/terms/">terms of use</a>. No representation is being made that this indicator will guarantee profits, or not result in losses from trading.

Executes Trades?

No

Refund Policy

Downloadable software cannot be returned, so there are no refunds on this product. Please be sure that you have the correct product before purchasing.

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