Best settings & timeframes — RSI Alerts
| Input | Default |
|---|---|
| Period | 14 |
| Overbought | 70 |
| Oversold | 30 |
| Alert on | close |
Timeframes: H1+ for signals worth acting on
When it works best: Momentum context: in an uptrend treat oversold touches as pullback alerts, not automatic buys.
Download & install — RSI Alerts
⬇️ Download pipatlas-rsi-alerts.mq5 (MIT)
MT5 → File → Open Data Folder → MQL5/Indicators → copy the .mq5 → refresh Navigator → drag to chart (compile in MetaEditor if needed).
Demo first. Attach to a demo chart and watch a full session before any live use. Original PipAtlas code, MIT-licensed, no hidden calls.
Backtest summary — RSI Alerts
MT5 Strategy Tester can't test indicators directly - log alerts to a file for a month and grade what price did next.
Common failure points — RSI Alerts
- Strong trends pin RSI overbought for hours - level crosses alone are not a system
- Different brokers' feeds shift closing values slightly
- Alert-on-tick fires many times per bar; alert-on-close is slower but usable
Frequently asked questions — RSI Alerts
Prefer volatility-based stops? See the ATR stop setup for MT5.