MetaTrader 4 RSI Alerts Advanced Indicator - Trading Heroes (2024)

Get Relative Strength Index Alerts From MT4 via:
Desktop Popup, Email, Text and Mobile App Push Notification

MetaTrader 4 RSI Alerts Advanced Indicator - Trading Heroes (1)

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 lacking a few key features.

If you have been frustrated with the vanilla version of this indicator, then our customized version just might be what you are looking for…

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 ofoverbought/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.

Update! Version 3 of the indicator now allows you to do the following:

  • Set custom secondary visual levels
  • The secondary levels also change the color of the RSI line

$50
$29

Buy Now

(one-time payment)

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.

MetaTrader 4 RSI Alerts Advanced Indicator - Trading Heroes (2)

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
  • Both

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.

$50
$29

Buy Now

(one-time payment)

Choose Your Pair and Timeframe

This indicator will create alerts on the chart and timeframe that the indicator is attached to. Alerts must be turned on in the indicator and setup in MetaTrader.

For example if you attach this indicator to the EURUSD H1 chart, you will only get alerts from that currency pair and timeframe.

To get alerts on multiple timeframes from one chart, check out the multi-timeframe version.

Hedge Fund Quality Programming and Support

MetaTrader 4 RSI Alerts Advanced Indicator - Trading Heroes (3)Are you tired of downloading half-baked indicators from forums? It can take forever to find one that actually works and good luck getting support.

This indicator has been custom built from the ground up by Adam Hartley of Snapdragon Systems. Adam has done custom programming for clients like the Tudor Group, Barclays Capital and many more.

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

$50
$29

Buy Now

(one-time payment)

Frequently Asked Questions

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

Does my computer have to be turned on to get alerts?

Yes. You will install this indicator on the desktop version of MT4 and it will send alerts to you via email, mobile app push notification or screen alert. You can also get text message alerts if your mobile phone provider allows email to text notifications. If you cannot keep your computer on all the time, you can also use a Virtual Private Server (VPS) service to host MT4 and send you alerts. See our resources page to find the VPS we recommend.

Can I pay with Cryptocurrency?

Yes! You can pay with any major cryptocurrency (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, USD Coin). Simply select cryptocurrency as your payment type at checkout.

Do all RSI signals provide potential trading opportunities?

No. This indicator is meant to assist with trading strategies that use RSI as a potential entry signal. RSI alone is NOT an entry signal. You need to have a proven RSI trading strategy before using this indicator.

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. However, since this is a downloadable product, we do NOT provide refunds.

Will this work with my broker?

This indicator will work with any broker that uses the MT4 platform.

Will this indicator work on a Mac?

This indicator will work on almost all Macs that have MT4 already installed. However, if you use programs like Wine, Crossover for Mac, and PlayOnMac to run MT4, 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 MT4?

No, you can only use custom indicators with the desktop version of MT4. 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.

Can I use this indicator on more than one computer?

Yes, you can use this on any computer that you own.

Terms of Use: Although every effort has been made to create the best MetaTrader 4 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 these terms of use. No representation is being made that this indicator will guarantee profits, or not result in losses from trading. The occurrence of a RSI signal does not guarantee profits.

MetaTrader 4 RSI Alerts Advanced Indicator - Trading Heroes (2024)

FAQs

MetaTrader 4 RSI Alerts Advanced Indicator - Trading Heroes? ›

This indicator will create alerts on the chart and timeframe that the indicator is attached to. Alerts must be turned on in the indicator and setup in MetaTrader. For example if you attach this indicator to the EURUSD H1 chart, you will only get alerts from that currency pair and timeframe.

What is the RSI scanner alert indicator for MetaTrader? ›

The RSI Alerts indicator sends alerts when the RSI indicator closes in the overbought or oversold zone. This indicator uses the standard RSI calculation applied in default MetaTrader 4® RSI. This indicator sends alerts on the timeframe that is currently open on the chart.

Why RSI is not a good indicator? ›

Using RSI With Trends

The relative strength indicator is not as reliable in trending markets as it is in trading ranges. In fact, most traders understand that the signals given by the RSI in strong upward or downward trends often can be false.

Can you set alerts on MetaTrader 4? ›

To create a new alert, click on the “Alerts” tab at the bottom of the screen. This will open the “Alerts” window. Than right click and select “create”.

How do I set up alerts on MT4 app? ›

In order for this to work properly, just navigate to the menu "Tools - Options - Notifications". You need to fill in your MetaQuotes ID which you will find in your mobile phone MT4 application (iOS -> Settings - Chat & Messages; Android -> Chat - MQID at the top bar).

What is the alert indicator in MT4? ›

Price Line Alert is an indicator for MetaTrader 4 that allows you to configure multiple levels of alert. Assume that you want to be notified when the price goes above a level of resistance, below a level of support, or if it hits any price that you consider important.

What is RSI with alert for MT4 and MT5? ›

RSI with Alert is an indicator for MT4 and MT5 by EarnForex.com. It is based on the Relative Strength Index (RSI) indicator. It finds points where the RSI line either goes out of the boundary levels or returns into the boundary levels.

Is the RSI indicator accurate? ›

change in Momentum is faster than actual change in trend …. so rsi will be faster than price to change direction … it doesn't necessarily means change in trend … consider it to be a heads up .. as the price is slowing down … it may continue or change the trend … look for price action for confirmation …

What is a buy signal for RSI? ›

The relative strength index (RSI) provides short-term buy and sell signals. Low RSI levels (below 30) generate buy signals. High RSI levels (above 70) generate sell signals.

How do I set up RSI alerts? ›

Search for the Relative Strength Index indicator and select it. You will now see the indicator on your chart. Then right-click on the RSI line and click on the Add alert on RSI menu option. You'll then see the alert settings window.

What is the RSI oscillator in mt4? ›

What Is RSI Oscillator? RSI oscillator is a momentum indicator. Traders have been using the RSI for a very long time and even so, it is still very popular. Being a momentum indicator, the RSI is useful to understand if a move is exhausting.

How do you create a RSI alert? ›

Please follow steps below to set your alarms based on RSI oversold and overbought levels:
  1. Add indicator to the chart.
  2. Go to settings.
  3. Choose up to 8 different symbols to get alert notification.
  4. Choose up to 4 different timeframes.
  5. Set overbought and oversold levels.
Oct 21, 2023

How do I add RSI alert to TradingView? ›

Open TradingView: Log in to your TradingView account. Select the Chart: Open the chart of the cryptocurrency you're monitoring. Add RSI Indicator: Click on "Indicators" at the top, search for RSI "Relative Strength Index", and add it to your chart.

How do I set an alert on RSI MT5? ›

MT5 RSI Alert installation

Open the MetaTrader 5 data folder (via File→Open Data Folder). Open the MQL5 Folder. Copy all the folders from the archive directly to the MQL5 folder. Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.

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