RSI Signal MT4
This Indicator is based on the classical indicator "Relative Strength Index".
IT draws 2 lines:
- Main blue line with input parameter RSIPeriod.
- Signal red line.
Buy when the main line (Blue) falls below a specific level = 30 and then rises above that level and main line rises above the signal line (Red).
Sell when the main line (Blue) rises above a specific level = 70 and then falls below that level and main line falls below the signal line (Red).