Binary Options Scalping Indicator: RSI Exit Plus CCI

Written by Dominic Walsh · Published 28 May 2026 · Last updated 9 Sep 2026

The binary options scalping indicator uses two readings on the same bar. RSI provides the trigger by crossing back through 30 or 70. CCI provides the check, since it has to sit on the supportive side of its own boundary. Only when both hold does an arrow appear.

This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD M5.

Platforms	MT4 (.ex4) + MT5 (.ex5)
Chart window	Main price chart
Plots	2: Buy, Sell
Alerts	popup, push notification, email, sound
Inputs	7

What the Binary options scalping Indicator draws on the chart

Buy places a lime arrow when RSI comes back above 30 with CCI agreeing.

Sell places a red arrow for the mirror case at 70.

Both sit `ArrowOffsetPoints` `25` from the candle.

Neither reading plots, so the chart carries only the marks.

• Buy: arrow, lime, width 3, arrow code 233
• Sell: arrow, red, width 3, arrow code 234

How the Binary options scalping Indicator calculates its values

The RSI trigger

iRSI runs at fourteen bars on the close, read for the current bar and the previous one. A buy needs the earlier value below 30 and the current one at or above it. That is a return from an extreme.

The CCI check

iCCI also runs at fourteen bars. A buy additionally needs the current reading above minus 100. So a return from oversold gets dropped when the second measure still sits deep in its own lower zone.

Two views of the same bar

RSI measures how one-sided recent closes have been. CCI compares typical price with its own average, scaled by mean deviation. They agree often but not always, and the difference is what the second test picks up.

How to read the signals

A mark means momentum turned and the second reading did not contradict it.

Both lengths sit at fourteen bars inside the code, so the only tuning is the offset.

Marks come often on fast charts, which the name expects.

Nothing filters for trend, so some marks point against the larger move.

Alert channels in this build: popup, push notification, email and sound, one message per closed bar.

The alert block sits behind `EnableAlerts`, which starts on, and `EnablePopup` carries the message. `EnablePushNotify`, `EnableEmail` and `EnableSound` all begin false. `SoundFile` picks the clip. One message follows each closed bar.

Every Binary options scalping Indicator input

Display settings

Setting	What it does	Default
ArrowOffsetPoints	Mark distance from the candle in points, default `25`.	25

Alert settings

Setting	What it does	Default
EnableAlerts	Master switch for the RSI exit alerts, default `true`.	on
EnablePopup	Terminal dialog on an RSI exit, default `true`.	on
EnablePushNotify	Phone push on an RSI exit, default `false`.	off
EnableEmail	Mail delivery on an RSI exit, default `false`.	off
EnableSound	Sound playback on an RSI exit, default `false`.	off
SoundFile	Wav clip for the exit alert, default `alert.wav`.	alert.wav

Settings that fit your chart

EURUSD M5 is the reference chart, where the frequency balances against noise. A fourteen-bar reading there covers just over an hour. On M1 the two readings cross their boundaries constantly. On H1 and above the marks turn rare, and the name stops fitting.

When the Binary options scalping Indicator fails

Two momentum readings from the same closes are not independent confirmation.

A return from an extreme can happen mid-trend and lead nowhere.

With both lengths fixed in code, `ArrowOffsetPoints` is the only setting you can change.

Copy the compiled Binary options scalping Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.

Background reading on the method behind the Binary options scalping Indicator: Condor (options) on Wikipedia, Options Trading at StockCharts ChartSchool.

Download the Binary options scalping Indicator for MT4 and MT5

The zip holds the compiled Binary options scalping Indicator build for MT4 and MT5, plus a short README. Compiled files only, no source. Enter your email below and the download link arrives in your inbox.

FAQ

What does the CCI check add to the Buy plot?

A veto. RSI supplies the trigger by leaving 30, and the second reading has to sit above minus 100 for the mark to print. When both readings sit deep in their lower zones, the setup gets dropped.

Can I change the lengths ArrowOffsetPoints sits beside?

No. Both sit at fourteen bars inside the code, which leaves `ArrowOffsetPoints` as the only input touching the display. Run a standard RSI or CCI pane alongside if you want different lengths to compare against.

Why does the Sell plot mark the exit from 70?

Because a reading can sit below 30 for many bars. Waiting for it to come back means momentum has already turned. The cost is timing, since price has usually moved by the time the mark prints.

Does ArrowOffsetPoints at 25 suit M5?

Two and a half pips of clearance on a five-digit feed, which fits the small candles on EURUSD M5. On a faster instrument the same offset puts the mark inside the bar, so raise it there.

Are results guaranteed?

No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the Binary options scalping Indicator as one input. Always backtest before trading live.