RSI 3TF Alert Indicator, Unlock Powerful RSI Alerts
The finest MT4 forex trading indicator is the RSI 3TF Alert Indicator. Arrow signals with alerts based on several RSI technical strategies are used to buy and sell. Downloading is free.
- Description
- Indicator Settings
Description
The RSI 3TF Alert Indicator for MT4 is based on several Metatrader RSI indicators. The indicator generates BUY and SELL arrow signals, along with additional confirmation for high probability trading signals. Furthermore, forex traders can opt to receive all or high probability alerts for the best deals.
All intraday chart time frames as well as longer time frames like daily, weekly, and monthly can be used by forex traders. For optimal results, both novice and seasoned forex traders can use this indicator with any trading strategy. Additionally, you may download the indicator for free.
Trading Signals on RSI 3TF Alert Indicators
The RSI 3TF Alert Indicator for MT4 is active in the GBPUSD M30 chart above. The indicator shows the three timeframes’ RSI as RED, Aqua, and Majenta lines. Additionally, the BUY and SELL trading indications are displayed by the yellow arrows. The indicator also features DARK GRAY lines at levels 7, 50, and 93.
Although the UP arrow suggests a BUY transaction, the RED and AQUA lines must be above the 50 level to establish the BULLISH indication. However, if the DOWN arrow shows up, technical forex traders might enter a SELL position. If the RED and AQUA lines fall below the indicator’s 50 threshold, it is further confirmed that a BEARISH indication is present.
The indicator typically sounds a warning at each BUY and SELL signal. However, if the RED and AQUA lines are over the 50 mark, the indicator triggers a high probability trade.
Forex traders can verify that the trading signals align with the price action for optimal outcomes. Furthermore, the trading signal’s closeness to trend lines, channel tops and bottoms, and support and resistance levels is crucial. When trading close to the market’s high and low, forex traders should proceed cautiously.
Conclusion
The greatest multiple RSI-based MetaTrader indicator is the RSI 3TF Alert Indicator for MT4. It goes without saying that the alert signals help all technical forex traders make the best trade. Additionally, the indicator is free to download and simple to install.
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RSI_Period_1, RSI_Period_2, RSI_Period_3: Periods for calculating RSI 1, RSI 2, and RSI 3 respectively.
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RSI_Period_B1, RSI_Period_B2, RSI_Period_B3: Additional period settings for the indicator calculations.
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TF1: Timeframe 1 for calculating the RSI 3TF alert. If set to 0, the indicator selects the next higher timeframe from the current chart.
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TF2: Timeframe 2. If set to 0, automatically selects two times higher than the current chart timeframe.
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TF3: Timeframe 3. If set to 0, automatically selects three times higher than the current chart timeframe.
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LineSize1: Adjusts the size of the magenta line.
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LineSize2: Adjusts the size of the aqua line.
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LineSize3: Adjusts the size of the red line.
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LineSize4: Adjusts the size of an additional line.
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DotSizeRSI: Size of the RSI dots.
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DotSizeARROW: Size of the signal arrows.
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DotSizeZERO: Size of dots on the zero line.
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DotSizeRSI5: Size of dots on the upper boundary of the RSI 3TF alert indicator.
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NumberOfBars: Number of bars used for indicator calculation.
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AlertOn: Enables trading alerts.
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AlertHighProbabilityOnly: Alerts only for high probability trading signals.
