For scalping RSI (5) and EMA 5 in the same field. In the moment they cross you are in the money.
Thanks for sharing mate
thanks for this one, nice indi.
pl. guide how to configure this RSI file in mt4
thanks in advance
Hi, please guide how to configure this in mt4. thanks in advance
Thank You for sharing
can any body make the arrow to arrive once rsi touches oversold or overbought region not after it touches comes back from oversold region
Relative Strength Index is a wonderful indicator. It is calculated on the following formula where R S C Y is a middle value of the positive price changes. S D are mean values of the negative price changes. The delta is an average change in price.
Using it is quite simple, something like this;
When the index of the relative force rises above the upper auxiliary line, strength of bulls is high, but the market is bought up and ready to enter the period of sales.
This is a good high probability trade indicator. Can someone please change the arrows to medium size dots. I like clean looking chart>