This script would find potential reversal price zones according to RSI over bought or sell condition and big reversal candle. It works better in range markets and lower time frames like 5M and especially in Support/Resistance zones. Suit for scalping in forex or crypto markets. * Use it as a trade assistant not a trade signal!
Hi MoriFX, i really like your indicator thank you! The only thing is, i dont get the alert to work correctly. 1m chart, set to once per bar close. The alert sound goes off, but without a signal from the indicator... do you have any idea how to fix this?
g11
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@g11, it seems that the alert goes off without the RSI in the right oversold/overbought area.
MoriFX
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@g11, Hi, I use this indicator myself and Alert works normally for me! check your settings again and if you face alert issue, send me screenshots about your case
@MoriFX, I am experiencing the same issue. Seems as though the alert is triggering based on the RSI conditions and not factoring in whether or not a reversal signal is printed on the chart. I'm using "once per bar close settings" for my alert. I get many more alerts than signal prints on my chart.
Sam-Chan-
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This is really nice indicator. I put it on 5m alert and it give alerts way more than labeled on chart. Wonder how that ca be fixed.
MoriFX
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@Sam-Chan-, You can change trade numbers with changing parameters in settings