Clever RSI

Description

Better version of RSI indicator which offer a complete visual trading strategy and realize an auto-optimization

Support: We create great tools for the entire trading community. Most of them are free.

If you believe in what we do Support Us Here.

 

KEY LINKS: How to Install – Frequent Questions - All Products 

How is this indicator useful?

  • NEVER repaints.
  • Detect best parameters of RSI indicator, based on profit factor during the specified period.
  • This indicator can be used as a visual strategy, following the recommendations of entry, stop, and targets.

Indicator features
  • It can be used as a complete trading strategy.
  • Complete trading statistics to evaluate the indicator performance.
  • It shows exact exit points.
  • It shows the real profit expectancy through its profit factor, risk/reward, and successful ratio indicators.
  • The indicator doesn´t repaint.
  • It works in all symbols.
  • Integrated alerts.
  • It can integrate with any robot or expert adviser.
  • The Indicator auto-optimize the parameters.
Note 1: This indicator should only be considered as a part of any trading strategy. You should complement this with other filters (e.g trend, volatility, time, etc). Note 2: This indicator is meant to serve as a guide to apply in your intraday trading. Overtime, this will help you understand the baseline for a solid and consistent trading strategy.  

Display Metrics

All the following metrics are calculated based on selected Money Management strategies and don´t consider account commissions, spreads, swaps, or any other transactional cost:

  • Number of Trades.
  • Win/Loss.
  • Points earned in closed winning operations
  • Points lost in closed losing operations
  • Net Points: Points earned minus points lost
  • Success Ratio: Percentage of winning operations
  • Profit Ratio: Points earned / Points lost
  • Reward/Risk: Average points earned / Average points lost
  • Optimization Parameters: Parameter which generate the biggest Profit Factor.

Support and questions:

Use our discord server if you have any question or need support.

About Author:

Carlos Forero, Member of Clever Trading Club, private organization with the purpose of design clever solutions to generate constant profits with adapted risk.


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John Winsome Munar
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John Winsome Munar 2022.06.17 23:59 
 

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