Indicators: RSI_3HTF - page 2
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Forum
Indicators: Relative Strength Index (RSI)
newdigital, 2013.08.07 14:59
RSI Indicator Chart Patterns and Trend Lines
Traders can plot trend lines on the RSI in the same way as you can plot trend lines on the price charts. RSI trend lines are plotted the same way trend-lines are plotted on the chart; by joining consecutive highs of the RSI Indicator or consecutive lows on the RSI Indicator.
RSI Chart Patterns
Chart patterns such as head and shoulders or triangle chart patterns that are not evident on the price chart are often formed on the RSI indicator.
RSI indicator also often forms chart patterns such as head and shoulders or triangles patterns that may or may not be visible on the price chart. As shown on the chart below the Reverse Head and Shoulders reversal formation is clearly shown on the RSI indicator.
RSI Support and Resistance Levels
Sometimes levels of support and resistance are demonstrated better on the RSI than on the price chart.
In an uptrend the support levels should not be broken at any one time, if they are broken then price will also break the support levels and the upward trend is going to reverse.
In a downtrend the resistance levels should not be broken, if they are broken then price will also break the resistance levels, and the downward is going to reverse.
In the example above when the third resistance level was broken the downtrend reversed to an upward trend and when the sixth support was broken the uptrend reversed and broke the upward trend line.
Forum
Indicators: Relative Strength Index (RSI)
newdigital, 2013.08.07 15:29
RSI Indicator Forex Trading Strategy Summary
Summary:
The RSI indicator is one of the most widely and commonly used indicators available. RSI indicator is a momentum oscillator with some trend following characteristics.
RSI is one of the most popular indicators used in technical analysis. RSI is used to generate Forex trading signals using crossovers.
RSI indicator plots the divergence and convergence of moving averages. The RSI is constructed using moving average analysis. Moving Average Convergence/Divergence is a trend-following indicator. It indicates the correlation between two moving averages.
Hi
The indicator is not displaying on my chart and there are no errors showing in the source code?
Any help would be greatly appreciated?
Thanks
P.S It can be accessed from the indicator menu but just does not display the graph
Hi
The indicator is not displaying on my chart and there are no errors showing in the source code?
Any help would be greatly appreciated?
Thanks
P.S It can be accessed from the indicator menu but just does not display the graph
Do you get any message in Experts or Journal tab when you place the indicator in the chart ?
You probably have to choose a lower timeframe for your chart.
Hi,
It seems to be working fine on smaller time frames but it takes a long time to load on higher time frames. Is that due to the coding of the algorithm and the efficiency of the code or isit related to the speed of my processor?
Regards
Hi,
It seems to be working fine on smaller time frames but it takes a long time to load on higher time frames. Is that due to the coding of the algorithm and the efficiency of the code or isit related to the speed of my processor?
Regards