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Five Line RSI Scalper

This indicator is purely for scalping using RSI.

  1. 6 RSI LimeGreen.
  2. 8 RSI Lime.
  3. 10 RSI DodgerBlue also Flat line(trend).
  4. 12 RSI OrangeRed.
  5. 14 RSI Red.

Concept : if the 6 RSI grows above the 14 RSI it is a buy and vice versa.

It works like a RSI Cross over as well as an entry and exit point which you will see in the picture. You will also see the operation of this Indicator.

Aravind
2525
2017.05.06 17:06 
 

Indicator is good.