RSI Divergence Indicator MT4
by Amir Atif · MT4
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Summary
RSI Divergence Hunter is a budget MT4 indicator by Alberto Boada priced at $30 that highlights RSI divergences for potential setups. Rating and verified performance data are not available, so traders should treat signals cautiously and test on demo accounts first. Alternatives include candle timers, multi-timeframe trend monitors, price-action scanners, currency strength tools, and MACD intraday trend indicators. Some alternatives have published prices ($77–$78) while others do not list costs. Platform realities such as broker spreads, execution, and drawdown risk apply. FxRobotEasy independently reviews all products mentioned.
Retail forex traders compare RSI Divergence Hunter with alternatives to balance cost, signal style, and platform fit. Divergence-based indicators appeal to traders who want momentum context for reversals, but many professionals pair them with trend filters, time-based tools, and currency strength meters. Price, platform compatibility (MT4 versus MT5), and author support vary, so comparison helps find tools that integrate with an existing strategy. Remember that spreads, broker execution, margin rules and drawdown risk affect real-world outcomes. FxRobotEasy independently reviews all products to help traders weigh these practical considerations without promising profits.
| Metric | RSI Divergence HunterMain Product | Trendopedia Ai Our bot | RSI Divergence Indicator MT4 | RSI cyclic | RSI Divergence Pro MT4 | RSi CSM |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | 0.0 | 0.0 | N/A | N/A |
| Price | $30 | $149 | N/A | N/A | $50 | $199 |
| ROI | N/A | +291.1% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 22.0% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 56.4% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.48 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 429 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
RSI Divergence Hunter is an MT4 indicator by Alberto Boada, offered for $30. It scans for classic RSI divergences and marks potential reversal areas on the chart. Strengths include a focused, low-cost toolset and simple visual signals that integrate into typical price-action workflows. Weaknesses are the lack of a published rating and no verified statistical performance, so traders must validate signals with backtests and demo trading. The indicator suits discretionary traders who already use MT4 and want a lightweight divergence overlay. Platform realities matter: broker spreads, latency, and margin rules will influence signal effectiveness, and drawdowns are possible if signals are used alone. FxRobotEasy independently reviews this and other products; treat the tool as an information source, not a guaranteed income generator.
by Amir Atif · MT4
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RSI Divergence Hunter is a low-cost MT4 indicator that may suit traders wanting a simple divergence overlay, but its lack of published ratings and verified stats means caution is required. Alternatives offer different strengths: timing tools, multi-timeframe trend views, price-action scanners, currency strength metrics and MACD intraday signals. Two alternatives list prices ($77–$78) while others do not disclose cost. Remember broker spreads, execution, margin rules and drawdown risk will affect results. FxRobotEasy independently reviews all products and also verifies automated bots as alternative solutions for traders seeking managed strategies.
Whether it is worth buying depends on your needs. RSI Divergence Hunter is a low-cost ($30) MT4 indicator that highlights RSI divergences, useful for traders who incorporate divergence into their strategy. There is no published rating and no verified performance statistics, so test it on a demo account first. Consider how it fits with your broker's spreads, execution and risk profile before using real capital.
The best alternative depends on what you want to add: if you need timing precision, Haven Candle Timer Countdown is helpful; for trend alignment MTF Trend Monitor fits; for pattern-based entries STRAT Price Action Scanner may suit; for currency bias Currency Strength Meter Pro (MT5, $78) is strong; and for intraday momentum MACD Intraday Trend PRO ($77) is an option. Each has a listed rating of 5 but no verified performance stats.
Start on a demo account to verify signal frequency and drawdown characteristics under your broker's spreads and execution. Backtest when possible, use realistic slippage and spread assumptions, and forward-test in live-sim or small micro-lots. Combine indicators with clear risk management, position sizing and stop rules. Remember FxRobotEasy independently reviews products but does not guarantee results.
While evaluating RSI Divergence Hunter and its alternatives, consider Trendopedia Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+291.1%
Total Return
22.0%
Max Drawdown
56%
Win Rate
429
Total Trades