RSI Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and in the platform when RSI enters an overbought or oversold area or when it returns to a normal area.
Relative strength index (RSI) indicator is a popular technical indicator in the family of oscillators.
RSI oscillates between 0 and 100 and traders use it to spot overbought and oversold states in the market.
You can see this indicator as a line moving between the 0 and 100 levels.
Typically, a value above 70 means that the instrument is overbought and due to a retracement. A value below 30 means that the trading instrument is oversold.
Traders use RSI indicator for some popular chart analysis and strategies:
The MetaTrader 4 and 5 platforms includes RSI among their built-in indicators, however, it comes without any notification feature for overbought and oversold areas.
In many cases, it is useful get a notification when RSI goes into an overbought or oversold area or when it goes back into a normal area, because such situations could present trading opportunities.
You can benefit from such alerts especially with trend reversal strategies.
To compensate for the lack of this feature, you can download RSI Alert indicator for MetaTrader.
This indicator allows you to get notifications when some conditions trigger. You can receive notifications via:
Another interesting feature of MetaTrader RSI Alert Indicator is that it can draw buy and sell signals in the form of arrows when a signal occurs.
With MetaTrader RSI Alert indicator, you can do the following:
The indicator is completely free to download and use.
If you are interested in alert indicators, you can use the source code of the present RSI Alert Indicator for your further development. Additionally, you can inspect the code of our Alert Indicator Template, which was used as a foundation for this indicator.
You can download the indicator for free using the link below and install it by following the provided instructions.
The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set the parameters. You can select RSI alert conditions to use and how to receive notifications.
➥ Download MQLTA MT4 RSI With Alert
To install MT4 RSI Alert Indicator, please follow the instructions below:
For more detailed instructions on how to perform the installation please visit this article.
RSI Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for RSI crossing overbought/oversold boundaries on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.
You can download the indicator for free using the link below and install it by following the provided instructions.
➥ Download MQLTA MT5 RSI With Alert
To install the MT5 RSI Alert Indicator please follow the instructions below:
For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..
You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.