Finally Get Relative Strength Index (RSI) Alerts From MetaTrader 4
Alerts are sent via Mobile App Push Notification, Screen Popup, Email and/or Audio Alert
The Relative Strength Index or RSI indicator is one of the most frequently used indicators in trading.
Unfortunately, the RSI indicator that comes standard with MT4 is missing is the ability to send you alerts when RSI goes into overbought or oversold.
Our easy-to-use indicator solves that problem.
Summary of How the MT4 RSI Alerts Indicator Works
Our custom RSI indicator uses the standard RSI calculation, but it adds a few super-useful upgrades.
This is the RSI indicator that should come standard with MT4.
Obviously we are a little biased, but have a look and decide for yourself.
Our indicator has the following benefits:
- Never miss another RSI setup when you are away from your computer
- A colored RSI line makes it easy to see when price is overbought or oversold
- Get alerts when price moves into overbought/oversold, out of overbought/oversold, or both
- Customize how you want to receive alerts: screen, mobile app push notification, text message (where available) and/or email. Choose one or more methods that work for you.
You can customize this indicator by using the following settings…
Indicator Settings Explained
Here are the settings that are available for this indicator.
Unlike other complicated RSI indicators you may find on the internet, this indicator has been streamlined and is easy to use.
RSIPeriod – The number of periods (bars) you want to calculate the RSI over.
OverBoughtLevel – The overbought level where you want an alert to trigger.
OverSoldLevel – The oversold level where you want an alert to trigger.
UpperLevel2 – Set another visual level, if you need it. This level does not trigger alerts. If you don’t need this level, set it to 100.
LowerLevel2 – Set another visual level, if you need it. This level does not trigger alerts. If you don’t need this level, set it to 0.
alertType – You can choose if you want the alert to trigger:
- As RSI moves into overbought/oversold
- As RSI moves out of overbought/oversold
DoAlert – Activate on-screen RSI alerts in Metatrader 4.
DoNotification – Activate Metatrader 4 mobile app push notifications. Push notifications need to be setup in your Metatrader 4 settings for this to work.
DoEmail – Activate email alerts. Email alerts need to be setup in your Metatrader 4 settings for this to work.
Frequently Asked Questions
Click the “+” symbol to see the answer to each question.