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Colored RSI with Moving Average

This is Colored RSI Scalper Free MT5 -is a professional indicator based on the popular Relative Strength Index (RSI) indicator with Moving Average and you can use it in Forex, Crypto, Traditional, Indices, Commodities. Colors are made to make trend, and changing trend more easily. Back test it, and find what works best for you. This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change.
This allows Colored RSI Scalper to adapt to the ever-changing market.

This indicator best works with some strategy, Moving Average (or EMA), and Levels. When Change of color appears, you can then use your strategy to combine, buy or sell on that moving average, or a level. 
For example, if we found support and RSI colored changed to green, find suitable level to buy, or some moving average, do not trade just blindly, you already have to have some strategy, this is not indicator that is just telling you buy or sell. If we are hitting resistance, and you see that RSI changed color to red, find suitable level to sell, and stop loss is a must for best results. 


Why Chose Colored RSI Scalper

  • The indicator is suitable for scalping and intraday trading.
  • It is possible to evaluate the effectiveness of the indicator on history.
  • The indicator does not redraw (recalculate), signals are generated strictly on the "Close of the bar".
  • It can be used as a standalone tool or together with other indicators.
  • Ability to customize the color scheme of the indicator.
  • Optimum operation algorithm, therefore the terminal does not "freeze"
  • Easy to read
  • Second verification of trend or changing trend



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Kwaku Bondzie Ghartey
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Indicateurs
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5 (2)
Indicateurs
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Indicateurs
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Indicateurs
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Indicateurs
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Indicateurs
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Indicateurs
This is Heiken Ashi smoothed version, where you can choose on what type smoothness you want to make your strategy base. You can choose between EMA or MA, on the period you want. And you can choose colors. Definition:  The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise. Heikin-Ashi charts, developed by Munehisa Homma in the 1700s, share some characteristics with standard candlestick charts but differ based on the values used to
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Simple Calendar Events is an indicator that will mark important Important Economy Events on your chart. For example, if you are trading something that is USD based, you would like to know when some important events are coming, you can expect some volatility or some different Price action, so you can base your strategy on it.  If you trade something that is country based you can also choose that, and it will show you when the event is, so you can be prepared for it. When you hover with the mouse
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SASA MIJIN
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Institutional Levels is an intelligent, fully automated Expert Advisor. This algo is arranged in such a way that the EA uses levels of importance combined with price action, without reliance on indicators. The strategy behind it is based on the teachings of a professional traders, and ex traders. It will find untested levels at which institutions are known to be interested in, in the number of candles you’ve set and will make trades based on these levels, re-test and trend. It will automaticall
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SASA MIJIN
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Trend Trader is an intelligent, fully automated EA. It's combining Institutional Levels (for stop loss and profit targets), and 3 indicators for buy and sell signal at same time. When 3 indicators agree with each other for trend, or changing trend, EA will open position, stop loss will be set on last low, or high, depending on direction, and targets profit are made on levels (on default settings, you can change it). Indicators its using are Expert Market Edge (custom made indicator  https://www.
RSI Scalper Multi Profit Targets
SASA MIJIN
Experts
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Fortunate
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Fortunate 2020.02.07 09:54 
 

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Dunstan Wafula Namusonge
851
Dunstan Wafula Namusonge 2020.02.05 10:01 
 

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Version 2.0 2020.02.05
Added notifications, and sounds.