RSI Scanner MT5

The RSI Scanner MT5 stands as a revolutionary tool in the world of Forex Trading. It is a multi-symbol, multi-timeframe dashboard that monitors the Relative Strength Index (RSI) indicator across 28 symbols and nine timeframes.

Key Features of RSI Scanner MT5

The RSI Scanner MT5 boasts a range of features that set it apart in the realm of Forex Analysis. It signals when the RSI enters and exits overbought and oversold zones, providing traders with strategic information to make informed decisions. The tool monitors 28 customizable instruments and nine timeframes simultaneously, making it a versatile addition to any trading toolkit.

One of its standout features is its compatibility with all 21 timeframes of the Metatrader 5 platform. This makes it a versatile tool compatible with a wide range of trading strategies. Whether you’re a day trader or long-term investor, the RSI Scanner MT5 can fit into your strategy seamlessly.

RSI Scanner MT5 Notifications and Alerts

The RSI Scanner MT5 ensures that traders never miss a crucial trading update. It offers popup alerts, email notifications, and phone notifications for selected symbols and timeframes. Traders can customize these alerts to match their trading strategy and schedule, ensuring they’re always informed of crucial market movements.

To enable these notifications, traders must configure the MetaTrader settings. For phone notifications, traders need to enable and fill the MetaTrader push notification settings, while for email alerts, traders need to enable and fill the MetaTrader email settings.

Customizable RSI Settings

The RSI Scanner MT5 allows traders to enter specific RSI indicator settings like the period and signal levels for the overbought/oversold zones. It offers a “Signal after candle close” option, which when enabled, waits for the close of the current candle before checking the signal. This feature ensures that signals are based on fully-formed price data, reducing the potential impact of market noise.

Dashboard and Timeframe Settings

Traders can customize the RSI Scanner MT5 dashboard to suit their personal preferences. They can choose between 1 or 2 columns of symbols and decide on the number of dashboard rows. They can also adjust the font size of labels and buttons, and set unique IDs for different sets of symbols. This level of customization allows traders to create a comfortable and efficient trading environment.

The tool also supports up to nine timeframes for each symbol. For each timeframe, traders can choose from 21 default MT5 timeframes from the dropdown.

FAQ section

Where can I see independent testing of the RSI Scanner MT5?

Independent testing of this product can be observed on the forexroboteasy.com website.

How can I stay updated on the results of testing this product?

You can subscribe to updates on the results of testing this product on the forexroboteasy.com website.

Can I share my experience of using the RSI Scanner MT5?

Yes, users are encouraged to share their experiences of using this product.

As this is an independent review, feedback from traders who have used the RSI Scanner MT5 will be invaluable for those considering whether to incorporate it into their Forex Strategies. It’s essential to note that this review is impartial, providing a neutral perspective on the RSI Scanner MT5.