The RSI Alert Indicator for MT4 & MT5 is a free technical indicator designed for MetaTrader traders who want to receive instant notifications when the Relative Strength Index (RSI) reaches key market conditions. With this indicator, you can get alerts directly on the platform, via email, or through the MetaTrader mobile app whenever RSI enters or exits overbought and oversold zones.

This tool helps traders save time, avoid constant chart monitoring, and react quickly to potential trading opportunities.

What Is the RSI Indicator?
The Relative Strength Index (RSI) is one of the most popular momentum oscillators in technical analysis. It measures the speed and change of price movements and oscillates between 0 and 100.

• RSI values above 70 usually indicate that the market is overbought and may be due for a correction.
• RSI values below 30 typically signal that the market is oversold, which may lead to a price rebound.

RSI is widely used by traders to identify potential trend reversals, momentum shifts, and entry or exit points.

Common RSI Trading Strategies
Traders often use RSI for several proven strategies, including:

• Exiting trades when RSI reaches overbought or oversold levels
• Entering trades when RSI returns from extreme zones to normal levels
• Identifying bullish and bearish divergences between price and RSI

These strategies can be significantly improved when alerts are available in real time.

Why Use the RSI Alert Indicator for MetaTrader?
Although MetaTrader 4 and MetaTrader 5 include RSI as a built-in indicator, they do not provide alert notifications by default. This means traders must constantly watch the charts to catch important RSI signals.

The RSI Alert Indicator solves this problem by automatically notifying you when specific RSI conditions occur, helping you react faster and trade more efficiently—especially when using reversal or momentum-based strategies.

Key Features of RSI Alert Indicator
With the RSI Alert Indicator for MT4 & MT5, you can:

• Set custom overbought and oversold levels
• Receive alerts when RSI enters overbought or oversold zones
• Get notified when RSI returns to normal levels
• Receive alerts via:
  • On-screen notifications
  • Email
  • MetaTrader mobile app
• Display buy and sell arrows directly on the chart when signals occur

The indicator is 100% free and easy to use.

Installation Instructions for MT4
To install the RSI Alert Indicator on MetaTrader 4, follow these steps:

1. Download the indicator archive file.
2. Open MetaTrader 4 and go to File → Open Data Folder.
3. Open the MQL4 folder.
4. Copy all files and folders from the archive into the MQL4 folder.
5. Restart MetaTrader 4 or refresh the indicators list from the Navigator panel.

Installation Instructions for MT5
To install the RSI Alert Indicator on MetaTrader 5:

1. Download the indicator archive file.
2. Open MetaTrader 5 and go to File → Open Data Folder.
3. Open the MQL5 folder.
4. Copy all files and folders from the archive into the MQL5 folder.
5. Restart MetaTrader 5 or refresh the indicators list in the Navigator window.

Final Notes
The RSI Alert Indicator for MT4 & MT5 is a powerful yet simple tool for traders who rely on RSI-based strategies. By providing timely alerts and clear visual signals, it helps traders make better decisions without constantly monitoring the charts.

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