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HomeStockRSI Scanner Settings Description - Analytics & Forecasts - 16 August 2023

RSI Scanner Settings Description – Analytics & Forecasts – 16 August 2023


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RSI Scanner product web page

MT4 model right here

MT5 model right here

RSI Settings

Set the RSI interval, Utilized worth plus sign ranges and likewise the choice to get an alert for worth coming into and exiting the overbought/oversold zone.

Sign after candle shut: If true dashboard waits till the shut of the present candle after which checks the sign.

Different settings:

Timeframes to scan (MT4 model): You’ll be able to kind the identify of the timeframes (as proven within the MT4 toolbar) you need to monitor separated with an underline(underscore) “_” image. Lowering the variety of timeframes for monitor reduces the calculations required and improves the dashboard efficiency.

Scan Interval (Millisecond): If the “Sign after candle shut” possibility is ready to false, this quantity units the scan interval of the present candle of the symbols in milliseconds. Decrease numbers put extra load on the system CPU.

Alert Mode: Select between 3 choices for the alert system:

  1. Single image and timeframe: Tick the checkboxes close to the image names and timeframes you need to get an alert for them. When a sign happens in a selected image and timeframes the indicator alerts.
  2. A number of timeframes of a logo: On this mode indicator solely alerts when all chosen timeframes (ticked ones like above) of a logo have the identical sign(shade).
  3. A number of symbols in a timeframe: Just like second mode however this time if all chosen symbols have the identical sign in a selected timeframe the indicator alerts.

Popup Alert: To allow Metatrader alert window informing dashboard indicators on a logo and timeframe. Choose symbols and timeframes that you simply need to get alert for them by ticking their checkboxes on the panel.

Cellphone Notification: To obtain indicator alerts on the cellular phone. For this to work you should allow and fill within the MetaTrader push notification settings from the Notifications tab on the MetaTrader choices dialog (ctrl+o).

E-mail Alert: To obtain indicator alerts by way of electronic mail. For this to work you should allow and fill within the MetaTrader electronic mail settings from the E-mail tab on the MetaTrader choices dialog (ctrl+o).

Template identify for brand new chart: Enter the identify of the template you need to apply to new charts opened by clicking on the “Open in new chart” button.

Dashboard Columns: Select between 1 or 2 columns of symbols (14 or 28 symbols) within the dashboard. 

Dashboard Rows: Select the variety of dashboard rows of symbols (1-14).

Panel Font Measurement: You’ll be able to change the font dimension of labels and button data with this.

Distinctive ID: If you wish to set and save totally different units of symbols set a distinct id quantity (any quantity) for every of them. To try this first set the brand new id within the settings then change the symbols then save the chart as a template. Don’t change symbols earlier than altering the id as a result of modifications might be saved routinely to the present id quantity. 

Timeframe Settings (MT5 model)

There are as much as 9 timeframes for every image. For every timeframe you may select from 21 default MT5 timeframes from the dropdown listing. By deciding on “present” for a timeframe you may disable that timeframe and cut back the variety of timeframes within the dashboard.  Lowering the variety of timeframes for monitor reduces the calculations required and improves the dashboard efficiency.

The primary time you run the indicator it’d take some time to replace historical past knowledge and present indicators.

In case you are operating the indicator on an older PC there are issues that you are able to do to enhance efficiency:

  1. Set “Max bars in chart” to 10000 or much less within the Charts tab on the MetaTrader choices dialog (ctrl+o).
  2. Lowering the variety of timeframes as acknowledged above in timeframe settings additionally improves efficiency.
  3. Lowering the variety of symbols.
  4. Set the “Sign after candle shut” choice to true.
  5. In case you set the “Sign after candle shut” choice to “false”, setting the next quantity within the “Scan interval” possibility improves efficiency.

If in case you have any questions concerning the indicator ask me within the feedback or personal message.

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