• Overview
  • Reviews (5)
  • Comments (6)

Triple RSI

2.5
📢  LOOK AT THE FOLLOWING STRATEGY WITH THIS INDICATOR. Triple RSI is a tool that uses the classic Relative Strength Indicator, but in several timeframes to find market reversals. 📢 

1. ✔️ Idea behind the indicator and its strategy:

In Trading, be it Forex or any other asset, the ideal is to keep it simple, the simpler the better. The triple RSI strategy is one of the simple strategies that seek market returns.

In our experience, where there is more money to always be won, is in the market turns. It is clear that catching a price turn is difficult.

 

2. ✔️ Triple RSI Strategy:

The key to this Triple RSI strategy is in the concept of OVERSELLING or OVERPURCHASING.  

When we use the RSI, there are two key zones 70 and 30, as limit zones and that indicate that the price has gone too far, and that it can turn.

This is not always the case, because the market can remain excited for a long time, we can even pull charts and check that when the indicator enters these areas, there is still a bullish or bearish path.

But we are not going to go short or long, because the indicator is at 70 or 30, it is only a reference, it is the alert position of the system, not the "Trigger" of the system.

For the triple RSI strategy, what we are going to use are three different and correlative time charts.


📈 It can be 15 minutes, 1 hour and 4 hours. Also 1 hour, 4 hours and dailychart, or 1 minute, 15 minutes and 1 hour. 📈

 

3. ✔️ Inputs of the Triple RSI strategy, step by step:

Follow the following steps and help yourself with the screenshots attached below.

 

Steps to BUY 🔵:

    1. Wait for all 3 lines of the indicator to be oversold.

    2. Draw a trend line on the chart.

    3. Buy when the trend line breaks.

 

Steps to SELL 🔴:

     1. Wait for the 3 lines of the indicator to be overbought.

     2. Draw a trend line on the chart.

     3. Sell when the trend line breaks.


Stop loss can be placed above or below the last swing.

 

4. ✔️ Input parameters the indicator:

  • RSI 1 Lower Period
  • RSI 1 Lower TimeFrame
  • RSI 2 Middle Period
  • RSI 2 Middle  TimeFrame
  • RSI 3 Upper Period
  • RSI 3 Upper TimeFrame
  • Styles, colors and levels of the lines

 

👍👍👍 Would you like something else? 👍👍👍

My personal link to hire me to new job: https://www.mql5.com/en/job/new?prefered=pablospata.

Reviews 5
ThorstenKock
2613
ThorstenKock 2021.05.28 00:14 
 

This one is really good, but one needs a lot of patience to wait for the signals to come

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This is an Elliot Waves Indicator Arrow for  Major Swing's  On default settings i have tested this on all Major 28 pairs  and i have had great results   Check out the comments section for more pictures and details.    AFTER PURCHASE PLEASE WRITE A COMMENT  SO I CAN SEND YOU Your Free GIFT   (Includes NON REPAINT VERSION OF SIGNAL) you have a few options of placement  and a few different options for colors.  this is a very simple and effective signal.
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PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend indicator DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
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thaiman1
479
thaiman1 2021.07.20 05:04 
 

no

ThorstenKock
2613
ThorstenKock 2021.05.28 00:14 
 

This one is really good, but one needs a lot of patience to wait for the signals to come

Pablo Leonardo Spata
8390
Reply from developer Pablo Leonardo Spata 2021.05.28 00:41
Thank you very much!!
Jorge Raul Mondaca
979
Jorge Raul Mondaca 2021.04.19 21:53 
 

User didn't leave any comment to the rating

Pablo Leonardo Spata
8390
Reply from developer Pablo Leonardo Spata 2021.04.19 21:55
Thanks!
sentey123
15
sentey123 2021.04.19 19:47 
 

User didn't leave any comment to the rating

Pablo Leonardo Spata
8390
Reply from developer Pablo Leonardo Spata 2021.04.19 19:49
That's right, many times the simplest strategies are the most robust.
Juan Pablo Serna
235
Juan Pablo Serna 2021.04.19 19:24 
 

User didn't leave any comment to the rating

Pablo Leonardo Spata
8390
Reply from developer Pablo Leonardo Spata 2021.04.19 19:33
Thank you very much and have a good trading!
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