RSI Alerts with Arrows MT5 (MT5) — review, price and free alternatives

RSI Alerts with Arrows MT5 stands out because it removes the dedicated RSI subwindow and places arrows directly on the price chart, reducing screen clutter without altering the underlying RSI calculations.

The indicator operates using classic RSI logic, defaulting to a 14-period RSI and user-defined overbought/oversold thresholds. When the RSI crosses those thresholds or specific reversal conditions occur, the algorithm plots an arrow at the corresponding bar and triggers sound, push, or email notifications. Users can adjust sensitivity, arrow visibility, and enable simple trend filters to reduce false signals in strong directional markets. On average, properly tuned settings produce clearer entries on H1 and H4 charts while generating fewer but more reliable signals on higher timeframes.

Risk controls are left to the trader, but the indicator supports clear signal timestamps and optional filtering that facilitate disciplined stop placement and position sizing. Developer Yurij Izyumov supplies regular updates on MT5 compatibility and lightweight performance, making this a practical tool for traders who prioritize clarity and configurable alerts over automated order execution.

The overall risk profile for RSI Alerts with Arrows MT5 is moderate when combined with disciplined money management. The indicator itself generates signals but does not apply stop losses, so traders should adopt a 1% to 2% risk-per-trade position sizing rule and implement fixed or volatility-based stop losses. A common approach is ATR-based stops at 1.5 to 2.5 ATR with position sizing calculated accordingly. Vulnerabilities include strong trending markets where RSI can remain overbought or oversold for extended periods and high-impact news events that produce whipsaws. For practical use, an account of at least $1,000 is recommended for single-pair testing and $3,000 to $5,000 for multi-pair live deployment with conservative leverage. The indicator is a signal tool and requires a clear trading plan to control risk.

Install RSI Alerts with Arrows MT5 by copying the indicator file into the MT5 Indicators folder and restarting the platform. Attach the indicator to a chart and set the RSI period, overbought and oversold thresholds, and arrow visibility options. Enable alert channels for sound, push, and email in both MT5 and the indicator settings; configure SMTP in MT5 for email delivery. Recommended broker types are NDD/ECN or reputable STP brokers with low spreads and reliable tick data. Optimal chart timeframes are H1 and H4 for balanced signals; test on a demo account for at least 60 trading days before live use.