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The RSI and TDI Alert Dashboard
The RSI / TDI alert dashboard allows you to monitor 6 main timeframes (selectable by you) at once on every major pair you trade.
The dashboard will alert you to extended conditions (overbought and oversold) at levels of your choice when a candle closes on the chosen time frame. You can have 6 separate RSI time frames monitored at once.
You can see instantly the condition of any currency pair and select those that look ready for a pullback or reversal. Alerts on the dashboard show in the relevant colour to indicate whether it is a good buy (green) or sell (red) opportunity. You can also select which time frames to receive alerts on independently, so if you just want to enter when M15 is extended, you can select to only receive alerts for that time frame.
The dashboard is designed to sit on its own chart with no other indicators and can be put on any pair or timeframe. It is designed to simply sit in the background and just alert you every time an RSI of your choosing gets to the levels of your choice.
You can use the Market Reversal Alerts EA to auto trade RSI exhaustion levels too!
Watch the video to see the EA in action trading.
Why is it called the RSI / TDI Dashboard?
The TDI is a popular indicator and used by many traders, including those that follow Steve Mauro (BTMM) who uses it consistently. The signal line in the TDI is actually just an RSI line set to Median price, and this dashboard allows you to mimic the TDI line almost exactly. This means you can use it to monitor potential shark fin entries in line with that strategy.
Input Settings:
- Box Sizing: Adjust the size of the dashboard and the font size.
- Pairs List: Select the instruments you want to trade. Preloaded with all major and minor pairs.
- Pairs Suffix/Prefix: If your broker uses a prefix or suffix, you can enter it in these boxes, so the dashboard matches your symbols list.
- RSI Alerts: Get pop-up, email or push notifications for your selected RSI time frames.
- RSI Settings: Select the time frame, RSI period, Price type and levels for the alerts.
RSI Compliments Any Strategy:
The RSI (Relative Strength Index) is commonly used by pullback and reversal traders to show when a currency pair has pushed hard and is due to either pull back (profit take) or reverse completely in the opposite direction. It is a great confirmation indicator and can be used in any strategy to help confirm price action reversal patterns.
Using RSI Dashboard On Its Own:
You can use the dashboard as a stand-alone system and take entries on pairs as they get over extended across multiple time frames.
For example:
Use a multi-timeframe entry method. Wait for multiple time frames to become overbought or oversold (e.g. H4, H1, M15) then enter when a lower timeframe also becomes extended. The more timeframes you have in the same colour, the more over-extended it is in one direction and the more likely it is to pull back or reverse.
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Get The Indicators & Dashboards I use
The indicators are all available direct from your MT4 or MT5 platform in the market section. Alternatively, you can get them on the MQL5.com website!
The Market Reversal Alert Indicator
The key to the strategy is knowing when price is starting to turn and change direction. This indicator draws in market structure for you, then sends you an alert so you can take a look at your charts and see if there is a valid reason to enter a trade.
The Market Reversal Alert Dashboard
This amazing dashboard monitors the major time frames and all pairs you trade and alerts you instantly when a potential reversal happens. No more staring at charts all day! Every pair and key time frame in front of you in one MT4 window. Priceless.
The ADR Reversal Indicator
The ADR Reversal Indicator shows you at a glance where price is currently trading in relation to its normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds its average range and levels above it of your choosing.
The ADR Alert Dashboard
The ADR reversal dashboard allows you to monitor every pair or instrument you trade in one dashboard. You’ll get alerted every time something exceeds your set ADR levels and ensure you will never miss an opportunity.
The Trade Manager Dashboard
Take control of your forex portfolio. See instantly where you stand, what's working and what's causing you pain! The Trade Manager Dashboard is designed to make risk management and exposure to currencies easier to understand.
The RSI and TDI Alert Dashboard
The RSI / TDI alert dashboard allows you to monitor 6 main timeframes (selectable by you) at once on every major pair you trade. The dashboard will alert you to extended conditions (overbought and oversold) when a candle closes on the chosen time frame.
Symmetrical Triangle Pattern Indicator
Profit from market contraction and consolidation after price makes new highs or lows in the market. Get alerted when a contraction is happening, ready to pounce on the next continuation or reversal move that is building up.
Symmetrical Triangle Pattern Dashboard
Get alerted and see instantly when any instrument you trade forms a symmetrical triangle pattern on any time frame. Get ready to pounce on those triangle breakouts!
Opening Range Breakout EA
Profit from the explosive moves that occur at the open of stock indices and give yourself an actionable edge every day. The opening range breakout EA can be tweaked to your liking to capture the trends that form just after the open every day on the main stock indices like the DAX, DOW, NASDAQ and S&P500.
The Market Reversal Alerts EA
Based on the indicator, this EA will auto trade signals generated from the market reversal alerts indicator. It has powerful filters to configure as you like to trade including ADR, MAs and RSI. You can also use it to basket/grid trade, and it has every risk option you can imagine.
The Price Action Toolkit EA
The missing piece of functionality in MT4!
Fast order buttons to quickly enter, adjust and exit positions and scalp with lightning speed. Get price action candlestick alerts on the most commonly traded patterns and auto execute entries and exits based on your preferences.Â
Support, Resistance & Propulsion Gaps
Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on this website and displays key information for targeting and potential entries.
Stock Index Hedge EA
Take advantage of the opening volatility of the major stock indexes and profit from the sudden moves created at those times when the market breaks away at the opening bell. The strategies’ goal is to simply benefit from those days when the market moves fast and hard in one direction at the open and bank that move.