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RSI Alert
RSI Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and in the platform when RSI enters an overbought or oversold area or when it returns to a normal area.

What Is RSI Indicator?
Relative strength index (RSI) indicator is a popular technical indicator in the family of oscillators.

RSI oscillates between 0 and 100 and traders use it to spot overbought and oversold states in the market.

You can see this indicator as a line moving between the 0 and 100 levels.

Typically, a value above 70 means that the instrument is overbought and due to a retracement. A value below 30 means that the trading instrument is oversold.

RSI Indicator Strategies
Traders use RSI indicator for some popular chart analysis and strategies:

• Exit a trade when an indicator has reached an overbought or oversold area.
• Enter a trade when a pair, or other instrument, comes back from an Overbought or Oversold area
• Detect bullish and bearish divergences.

MetaTrader RSI Alert Indicator
The MetaTrader 4 and 5 platforms includes RSI among their built-in indicators, however, it comes without any notification feature for overbought and oversold areas.

In many cases, it is useful get a notification when RSI goes into an overbought or oversold area or when it goes back into a normal area, because such situations could present trading opportunities.

You can benefit from such alerts especially with trend reversal strategies.

To compensate for the lack of this feature, you can download RSI Alert indicator for MetaTrader.

This indicator allows you to get notifications when some conditions trigger. You can receive notifications via:

• Email
• Mobile app
• On screen

Another interesting feature of MetaTrader RSI Alert Indicator is that it can draw buy and sell signals in the form of arrows when a signal occurs.

With MetaTrader RSI Alert indicator, you can do the following:

• Set your preferred thresholds for overbought and oversold areas.
• Get notified when RSI is overbought or oversold.
• Get notified when RSI comes back from overbought or oversold ares.

The indicator is completely free to download and use.

MT4 RSI Alert Installation
To install MT4 RSI Alert Indicator, please follow the instructions below:

1. Download the indicator archive file.
2. Open the MetaTrader 4 data folder (via File→Open Data Folder).
3. Open the MQL4 Folder.
4. Copy all the folders from the archive directly to the MQL4 folder.
5. Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.

MT5 RSI Alert Installation
To install the MT5 RSI Alert Indicator please follow the instructions below:

1. Download the indicator archive file.
2. Open the MetaTrader 5 data folder (via File→Open Data Folder).
3. Open the MQL5 Folder.
4. Copy all the folders from the archive directly to the MQL5 folder.
5. Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.