Simple Forex Tools

➡️ Here are info and MT5 version This is MT4 version

🕯RSI Signals is a simple indicator that displays the values of the RSI (Relative Strength Index) oscillator on various instruments and time frames chosen by the user. In addition, it can be configured by the trader to show signals when the RSI is in an overbought/oversold condition, when it crosses these levels or when it crosses the 50 level, which is important in some strategies. It is simple and easy to set up. By itself, it should not be used as a trading system since RSI signals are not 100% reliable, as is the case with any technical indicator, but it is a useful support tool. 📊Features ➡️Applied Price: This parameter allows to select the price type used in the calculation of the indicator. ➡️RSI period: It is the number of periods used in the calculation of the RSI. ➡️List of Markets: Here the trader indicates the markets or currency pairs in which he wishes to calculate the RSI values. ➡️Time_frames: In this parameter, we can indicate in which time frames we want to calculate the RSI for each currency pair. ➡️Overbought/oversold signals: In this last parameter we indicate if we want the dashboard to show overbought and oversold signals. ➡️Overbought level: It is the level where the RSI reaches an overbought condition. ➡️Oversold level: It is the level where the RSI reaches an oversold condition. ➡️Overbought color: Used to set the color of overbought readings on the dashboard. ➡️Oversold color:  Used to set the color of oversold readings on the dashboard. ➡️RSI Crossovers of Level 50: In this parameter we indicate if we want the dashboard and the alert window to show signals of bullish and bearish crosses of the 50 level of the RSI. ➡️Bearish cross color: Here we can set the color of the bearish crossovers of the RSI 50 level. ➡️Bullish cross color: Here we can set the color of the bullish crossovers of the RSI 50 level. 📌#mt4 #indicator #Mt4 #RSI #forex.

🕯Swing Pivot-Based Divergence (most critical improvement) 📈In v1, only 2 points were compared and the false signal rate was high. 📉In v2, the real swing high/low points are identified with IsSwingHigh/IsSwingLow, and the last two pivots are compared. 📊Both RSI and MACD require confirmation for entering the Trade. 1️⃣Multi-Timeframe Trend ➡️M15 + M5 + M1,3 timeframes must show the same direction. M1 alone is 60% noise — entry quality dramatically improves with M15 and M5 filters. 2️⃣VWAP Filter ➡️Daily VWAP is calculated. Only long positions are taken when the price is above VWAP, and only short positions when it is below. Compatible with institutional flow. 3️⃣Breakeven Mechanism ➡️When the position reaches ATR × 0.8 profit, the SL is automatically pulled to the entry price (+3 pips locked). Risk is zeroed. 4️⃣Daily Limit System ➡️3% daily loss → EA stops. Daily 5% profit → EA stops. Starts fresh every day. 5️⃣Bar-Based Signal ➡️In v1, signals were calculated on every tick → re-entry and performance issues. In v2, signals are only calculated on the opening of a new M1 bar, only trailing/BE is managed per tick. 6️⃣Stop-Level Control ➡️MODE STOPLEVEL is controlled broker minimum SL distance is not violated. Panel Divided into sections, color-coded, professional panel updated every second. Trend, divergence, and filter statuses are visible instantly.

Timeframe M5 Pair XAUUSD