RSI and Bands Arrow Alert Indicator (MT4)
- Version
- Download 89
- File Size 43.98 KB
- File Count 1
- Create Date June 18, 2022
- Last Updated August 11, 2023
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RSI and Bands Arrow Alert Indicator (MT4)
The RSI and Bands Arrow Alert Indicator (MT4) is a combination of the Relative Strength Index (RSI) and MA-Bands indicator, this indicator filters the RSI arrow alerts to only generate outside the MA-Bands giving more ideal reversal and and pullback points. It also gives the option to further filter the arrow alerts with the trend using Two Moving averages, for instance; with this option enabled, 'buy' arrow alerts will only generate when the fast moving average is above the slow moving average and 'sell' arrow alerts will only generate when the fast moving average is below the slow moving average.
RSI and Bands Filtered Strategy Options
The RSI and Bands Arrow Alert Indicator (MT4) has four filtering options to choose from, this can be selected from the RSI Strategy Type Select - Dropdown menu as per screenshot below;
- RSI Arrows
- RSI Outside Bands Arrows
- RSI Arrows with Trend
- RSI Arrows Outside Bands with Trend
Activation License
The RSI and Bands Arrow Alert Indicator (MT4) requires an activation license code to run. After signing up as a Premium member on www.ForexTradeLogic.com, you will receive a welcome email. The registration link can be found within the welcome email which allows you to register 2x MT4 accounts (Please note that should you wish to register and activate additional MT4 accounts then please send a request email to support). After receiving the welcome email, click the registration link, register your MT4 account number and submit. You will then receive an email with your activation code. Please insert your activation code into the 'Activation License' field located in the Inputs Settings and apply (refer screenshot below). The Indicator is now Activated and ready to use 🙂
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I have logged in, but unable to get to the download page for the rsi and bands arrow alert.
please assist
Hi there,
Here’s the link to the RSI and Bands Alert https://www.forextradelogic.com/online/download/rsi-and-bands-arrow-alert-indicator-mt4/
regards,
Forex Trade Logic
i think adding the applied price to the RSI will give as well more signals and they would be pretty good too since your rsi now is limited to the close price, rsi applied price when having more options then the results can be more
like rsi period 10 and applied price high instead of close can be pretty good too and more daily signals that are accurate to a great extent
thank you