What is Color RSI with alert wPush Indicator?
Color RSI with alert wPush is an MT4 indicator that displays RSI readings with colored zones and optional arrows around the configured overbought and oversold levels. The color changes and markers make the oscillator state easier to review alongside price behavior.
The existing alert options can show a message, play a sound, or send push and email notifications when the configured RSI condition is displayed. These annotations provide context and do not establish a required action.
How to Use It in Practice
Color RSI with Alert wPush plots RSI at configured upper and lower values and can issue alert or email notifications when those displayed conditions occur.
- Set the upper and lower RSI values from the 70 and 30 defaults when different displayed thresholds are required.
- Enter timeFrame in minutes for a higher-timeframe reading, such as 60 for H1 or 240 for H4.
- The default PriceType uses Typical Price (high + low + close divided by three); set PriceType to 0 when the RSI should use Close instead.
RSI levels and color changes are shown together, optional arrows make displayed conditions easier to locate, and several notification methods are available through the existing settings.
MT4 Indicator Parameters
The screenshot above shows the default input parameters in the MT4 settings window.
| Parameter | Description |
|---|---|
| RSIPeriod | Sets the number of periods used to calculate the RSI value. |
| PriceType | Defines the type of price used in the RSI calculation (e.g., Close, Open, Median, Typical, Weighted). |
| timeFrame | Lets you set a fixed timeframe for the RSI calculation, different from the chart timeframe if desired. |
| overBought | RSI level above which the market is considered overbought and may generate a sell signal. |
| overSold | RSI level below which the market is considered oversold and may generate a buy signal. |
| showArrows | Enables or disables the display of buy/sell arrows on the chart when RSI crosses levels. |
| alertsOn | Turns all alerts on or off. |
| alertsMessage | Shows a pop-up message on screen when an RSI alert condition is met. |
| alertsSound | Plays a sound notification when an alert is triggered. |
| alertsPush | Sends a push notification to your mobile MetaTrader app when an alert occurs. |
| alertsEmail | Sends an email when an alert condition is met (requires email settings configured in MT4). |
