DEM and RSI
The DEM and RSI indicator is based on two popular indicators - DeMarker + RSI. It works as a semi-automated trading system that identifies oversold and overbought levels and gives a signal for relevant position opening.
- Attach the indicator to a chart of any currency pair and any time frame (it shows good results on EURUSD M1).
- When there is a buy/sell signal, you open a trade and wait for the opposite signal or close the trade by TP.
- It is advisable to refrain from trading when important news is about to be released and use Stop Loss to avoid undesirable outcome.