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RSI Average Digit

This Relative Strength Index version using four different Period.

Calculate on Timeframe M1, M5, M15, M30, H1, H4 and D1.

Each using median price for valid average calculation.


How to use this indicator, as follows;

1.  This indicator design for FOLLOW THE TREND, not using for Overbought or Oversold, but if you want to use it as Reversal trades, is up to you.

2.  You can see on pictures attachment, it produce three type of signal, LONG, SHORT and SIDEWAYS.

3. Recommended for trading, Open trades only base RSI Average Signal, if LONG do LONG, if SHORT do SHORT.

4. If SIDEWAYS, NO TRADES.


In the parameter setting you can change your desire Period (default on RSI 5, RSI 10, RSI 20, RSI 50).

And you can change your desire Overbought and Oversold level.


Happy Follow the Trend 

Regards.

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Thise indicator is up down v6  comes with tradingwiev version. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView version. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that is dow
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Version 2.0 2020.12.27
add parameter for user can choose freely Period and price
add color parameter