The Color RSI With Alert Indicator for MT4/MT5 takes the classic Relative Strength Index (RSI) to the next level by adding colored zones, arrow-based trade signals, and price alerts. It’s a simple yet powerful upgrade that helps both new and experienced traders spot overbought and oversold conditions with visual precision, eliminating guesswork and the need for constant chart monitoring.
Whether you’re a swing trader looking for clean reversals or an intraday trader catching short-term pullbacks, this indicator combines RSI’s accuracy with real-time trade alerts to keep you one step ahead.
What Makes the Color RSI With Alert Indicator Different
Unlike the default RSI that only shows a single line oscillating between 0 and 100, this enhanced version adds:
- BUY and SELL arrow signals directly on the chart.
- Alerts (sound, email, or push notifications) whenever RSI hits key levels.
- Color-coded zones: Green for oversold, Red for overbought, and Gray for neutral market areas.
These additions make it much easier to trade RSI-based strategies without missing potential setups.
How to Trade Using the Color RSI With Alert Indicator
The chart below (example: GBP/USD Daily) demonstrates how this indicator simplifies trading decisions.
Buy Signal Setup (Bullish Reversal)
- RSI value drops below 30 (oversold zone turns green).
- A Green Buy arrow appears on the chart.
- Enter a BUY trade, with a stop loss just below the last swing low.
- Hold until the opposite signal or when RSI reaches the overbought zone (above 70).
Tip: For better entries, confirm with bullish candlestick patterns (like a hammer or engulfing bar).
Sell Signal Setup (Bearish Reversal)
- RSI value moves above 70 (overbought zone turns red).
- A Red Sell arrow appears on the chart.
- Enter a SELL trade, with a stop loss above the last swing high.
- Book profits once an opposite signal appears or RSI dips into the oversold zone.
Tip: Add a trendline or moving average filter to confirm the market’s bias before taking counter-trend trades.
1ms Latency to Your Broker
100% Uptime Guarantee
Max Leverage
Small Accounts
Platforms
1:2000
Yes ✅ (Cent)
MT4, MT5
No Commission
Use code “forexcracked” for 20% off
Up to 90% profit splits
Early payout options are available.
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How to Use Color RSI with Alert Across Multiple Timeframes
One of the biggest strengths of this indicator is its multi-timeframe compatibility.
- Use it on higher timeframes (H4/D1) to confirm the trend.
- Drop to lower timeframes (M15/M30) to refine your entries and exits.
This top-down analysis approach improves accuracy, allowing traders to align signals with the broader market direction.
Pros and Cons
Advantages:
- Visual BUY/SELL arrows directly on the chart.
- Real-time alerts via sound, email, or push notifications.
- Color-coded RSI zones simplify overbought/oversold detection.
- Works on all assets: forex, crypto, indices, and commodities.
- It is free and easy to install for both MT4 and MT5 platforms.
Disadvantages:
- May produce false signals in choppy or sideways markets.
- Works best when combined with price action or trend confirmation tools.
Pro Tip
Combine the Color RSI with Alert Indicator with tools like Moving Average, MACD, or Bollinger Bands for extra confirmation. When multiple indicators point in the same direction (e.g., RSI oversold + price bouncing off a moving average), the probability of success skyrockets.
Free Download Color RSI With Alert Forex Indicator
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Conclusion
The Color RSI With Alert Forex Indicator is a must-have upgrade for traders who love RSI but want more clarity, automation, and precision. By visually distinguishing overbought and oversold zones and adding BUY/SELL arrows with alerts, it eliminates hesitation and enhances trade timing.
It’s non-repainting, works across all markets and timeframes, and is completely free to download — making it perfect for both beginners and professionals.
Download the Color RSI With Alert Forex Indicator for MT4/MT5 now and experience a smarter, more intuitive way to trade RSI signals.
Frequently Asked Questions (FAQ)
1. Does this indicator repaint?
No. Once a signal (arrow) appears after the candle closes, it remains fixed.
2. Can it be used for scalping?
Yes — works great on M5 and M15 charts when combined with trend filters.
3. Are alerts customizable?
Yes, you can enable or disable pop-up, sound, email, or mobile push alerts in settings.
4. What markets does it support?
All — Forex, Crypto, Stocks, Metals, and Indices.
5. Is it beginner-friendly?
Absolutely. The arrows, colors, and alerts make it ideal for traders just starting with RSI-based systems.
