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RSI secrets + an improved version of the legendary indicator

Hello friends forex traders!

Today we’ll talk about one of the oldest classic indicators, the relative strength index (abbreviated as RSI) This indicator is included in all trading platforms, it is used in thousands of trading systems in any markets. Each trader knows this indicator, but nevertheless, not everyone knows how to apply it correctly. That is why in this article I will try to lay out all the features of the application of this wonderful indicator, as well as share the advanced version.

RSI indicator specifications

Platform: Metatrader 4
Currency pairs: any
Timeframe: any
Indicator Type: Oscillator
Trading time: depends on your strategy
Recommended DC: Alpari, Forex4you

History of creation

The indicator was developed by J. Welles Wilder and published in Commodities magazine in June 1978. Later, Wilder wrote the book "New concepts in trading systems", which outlined in detail the essence of relative strength index. After the publication of the book, the RSI oscillator became very popular among traders and helped many users evaluate the strength of the market.

Wells Wilder is an exchange trader, one of the leading experts in technical analysis and the developer of many trading systems and indicators. Wilder is an engineer by training, managed to work both in his specialty and in the real estate market, but he really became interested in trading futures. Wilder spent many years researching technical analysis, the results of which were several books ("New Concepts in Technical Trading" (1978), "The Adam Theory of the Markets, 1987). and The Delta Phenomenon (1991).

In the early 80's. Wells founded the Delta Society International. The purpose of society was to study financial markets. His own company Trend Research Ltd, a member of this company, develops trading software.

Wilder is the author of such well-known indicators as Average True Range (Average true range), Relative Strength Index (Relative Strength Index), Directional indicator (Directional movement indicator) and the parabolic system (Parabolic Stop and Reverse).

J. Wells Wilder, Jr. is now perhaps the most famous of the living market gurus. A retired trader lives on the beautiful South Island in New Zealand. The experience of past years is reflected in his latest book, "The Wisdom of Ages in the acquisition of wealth."

He says that if he knew in his youth what was written in this book, he would be much richer than now. Its indicators are considered basic for many technical analysis programs and are included in almost all modern trading terminals.

J. Wells Wilder Jr. remains an active trader and consultant on technical trading systems and methods, the author of many articles, speaks on radio and television.

And finally, a couple of interesting quotes from this wonderful trader:

“You can’t cope with emotions - leave trading.”

“Some traders are born undisciplined. Life will teach. It will hurt. ”

General indicator description

The RSI indicator is an oscillator, which means it fluctuates in a certain zone limited by the maximum and minimum values. The Relative Strength Index is plotted on a scale from 0 to 100. It works best to reach areas of extremes. Two lines drawn at the level of 30 and 70 serve as the evaluation criterion. It is believed that overbought zone is located above 70 and oversold is below 30. Therefore, when the value of the Relative Strength Index reaches and rises above 70, there is a danger of a decline in prices; movement below 30 is perceived as a warning of a near rise. Some analysts recommend taking levels 30 and 70 as boundaries only for sideways trends, and 20 and 80 for bullish and bearish ones.

Of course, exceeding levels 30 and 70 does not mean that the conclusion of transactions should immediately begin. After all, the market may be in a state of overbought and oversold for a long time, and the oscillator, warning about a trend change in advance, does not explain exactly when this can happen.

Introducing the RSI, W. Wilder recommended using its 14-day version. Subsequently, the 9 and 25 day RSIs also gained distribution. Often, they take 5, 7, 9, 14, 21, or 25 as a period. Most programs offer one of these numbers as the default value.

The daily RSI will be based on price data covering the last 9 or 14 days. The weekly schedule will include the past 9 or 14 weeks. Minute, naturally, 9 and 14 minutes.

The number of unit periods in the calculation of RSI can vary, so I recommend experimenting with them to choose the most suitable option. The shorter the RSI calculation period, the more sensitive the indicator is to current price changes.

How to choose the best period? The fact is that for different timeframes of the same currency pair it will be different, therefore it will not work to use once a well-chosen indicator period on all time scales of the pair you need. As a rule, the smaller the timeframe, the longer the period should be and vice versa. It is not difficult to select the optimal period for the RSI indicator - you need to consistently sort through the periods and look at the overbought and oversold zones. As soon as the main pronounced (reversal, key) highs and lows on the price chart begin to be reflected by the indicator in overbought and oversold zones, and the rest will be (at least most of them) outside these zones, consider that the optimal period is found.

As usual, the shorter the period we use, the more sensitive the curve will be and the more signals we get. The shorter the period chosen, the closer to the extreme values ​​of the scale are the indicators of the RSI index corresponding to the "overbought" or "oversold" market conditions. The greater the number of days in a period when calculating the index, the more smooth its indicators will be.

You can learn more about the nuances of tuning oscillators here.

Calculation formula

Since the computer does all the calculations for you, there is no need to memorize the formula. Nevertheless, her knowledge will help you better understand the essence of the indicator, and this is the key to its proper use and interpretation of the signals it sends.

Wilder argues that there are two main problems in constructing the price movement pace curve (based on price differences). The first is due to the randomness of the pace curve due to frequent sharp drops between price values ​​in the period under consideration. A sharp increase or decrease in prices that occurred ten days ago (in the case of a ten-day pace indicator) today can cause a sharp turn of the curve - even if current prices remain relatively calm. Therefore, in order to minimize such distortions, the tempo curve must be smoothed. The second problem is related to the need for constant boundaries of the oscillator band for the purposes of comparative analysis. The formula of the RSI index allows you to solve both of these problems: it not only smooths the curve, but also provides a constant vertical scale from 0 to 100.
It should be noted that the term "relative strength" is used by Wilder to some extent erroneously and often misleads those who are familiar with this concept in the analysis of the stock market. “Relative strength” is traditionally understood as a relationship curve between two different objects. As for the Wilder Relative Strength Index, it does not measure the "relative strength" of various objects, and therefore the meaning that the author gives this term is not entirely accurate. Nevertheless, the RSI index solves the problem of the randomness of the oscillator curve and allows you to set the constant upper and lower boundaries of the oscillations.

RSI uses positive (U) and negative (D) price changes. A day is called upward if the closing price is higher today than yesterday.

A day is called “downward” if the closing price is lower today than yesterday.

If the closing prices today and yesterday are equal, then U and D are 0. After the values ​​of U and D, the exponential moving average with a period of N is smoothed out first, "Relative Strength (RS):

Based on RS, RSI itself is calculated:

It is easy to verify that:

Many sources indicate not an exponential moving average (EMA), but a simple (SMA).

When calculating RS, it is necessary to take into account the situation when the denominator is equal to zero. This is possible when using a simple moving average (SMA), when for the entire averaging period the price went only up and, accordingly, all the values ​​D = 0. In this case, it is necessary to take RSI = 100.

Of course, any price can be taken to calculate the indicator. For the MT4 terminal, this is the closing, opening, highs or lows, average, typical, and weighted prices. It is also possible to build RSI on the data of another indicator.

Overbought and Oversold Levels

The RSI index values ​​are plotted within the vertical coordinates from 0 to 100. When the indicator is above 70 or below 30, the index registers the overbought or oversold state, respectively. Two horizontal lines, corresponding to the values ​​of 70 and 30, are plotted on the oscillator graph. These lines are often used to receive buy and sell signals. As already mentioned, an oscillator value below 30 indicates an oversold market.

Suppose a trader believes that the price drop is about to reach the limit, and is waiting for the opportunity to open a long position. He sees that the oscillator curve falls below 30, being in the oversold zone, and hopes that some discrepancy will arise in the oscillator dynamics in this region or a double base will form. When the curve crosses the border again - this time rising, many traders regard this as confirmation that the oscillator trend has turned up. Conversely, re-crossing the line 70 when the curve falls from the overbought area is often regarded as a signal to take a short position. Of course, exceeding levels 30 and 70 does not mean that the conclusion of transactions should immediately begin. After all, the market may be in a state of overbought and oversold for a long time, and the oscillator, warning about a trend change in advance, does not explain exactly when this can happen. You should always carefully observe the intersection of lines 70 and 30. During a strong upward trend, it is not unusual that
the RSI oscillator rises above 70 and stays there for quite some time. This is usually a signal of a strong trend up. In such cases, it is probably best to ignore the oscillator for a while while it remains above 70. An intersection below 70, especially if it occurs after a long time, often gives a good signal of a trend change.
Many traders consider crossing below line 70 as a sell signal, and crossing above line 30 as a buy signal.

It is not necessary to use exactly 70 and 30 as levels. Experiment with levels. For a bull market, 40 and 80 are better, and for a bear market 20 and 60. You can use levels 20 and 80 to reduce the total number of signals and increase their quality. I recommend using the 5 percent rule: draw a line so that the RSI remains behind it 5 percent total time for the last three months, for example, if you trade on daily charts. Adjust the reference line as necessary.

In a very calm market with low volatility, you may notice that RSI line fluctuations remain between 70 and 30. You might want to try to increase the RSI wave amplitude by shortening the time period. Try to choose a lower period, for example 7 or 5. The reverse case involves a situation where the RSI line is too volatile. Frequent transitions above 70 and below 30 become less significant, it is difficult to determine between the actual signals and market noise. In this case, it is necessary to reduce the amplitude of the RSI line by increasing the period, for example, to 21. This will eliminate many minor movements and help identify those that are of value.

Buy signal - when RSI leaves the oversold zone, sell signal - when RSI leaves the overbought zone. Such signals are taken only in the direction of the main trend. Signals against the trend are ignored! It is better to combine these signals with signals from other indicators or with technical analysis. The signal to exit the position is when overbought or oversold zones are reached. For example, when you reach the RSI overbought zone, close the buy position or pull closer to the stop.

Most often, the RSI indicator is used by scalpers in periods when there is a narrow flat on the market. Pay attention to the figure with examples of entry points for the RSI indicator: the euro / dollar entered the overbought zone - 70, crossed it from top to bottom and we enter the sale, and as soon as the price entered the oversold zone - 30, we enter the purchase. This tactic is very effective in the flat, when positional traders are waiting for clarity in the Forex market, then scalpers using the RSI indicator simply stuff their pockets with money in such precise short deals.

Levels 40/80 and 20/60

As I said above, with an uptrend, it is advisable to use levels 40 and 80. At the same time, we only make purchases when the indicator level drops to level 40.

In a downtrend, it is advisable to use levels 20 and 60. At the same time, we consider deals only for sale, when the indicator level rises to level 60.

Determination of a trend change by levels 20/60 and 40/80

When applying the 20/60 and 40/80 levels, everything goes quite smoothly, but how to understand when to use which levels? This is pretty easy. So, with a downtrend, the RSI indicator constantly falls to level 20 and never reaches level 80. With an uptrend, it hangs around 80 and does not want to go to 20. Therefore, when the situation occurs, as in the picture above, we can talk about a trend change from a downtrend to the ascendant in our case. The indicator on a downtrend several times fell to level 20, while never reaching the level of 80. But once the RSI still broke through level 80 - from this moment you need to be careful, a change in trend is expected. The next decline in the indicator, which did not reach the level of 20, confirms the trend change.

Level 50

Although the focus of the RSI is focused on oversold and overbought lines, line 50 is also important. You may notice that in strong trends, the price often finds resistance at this level.

If you are looking for confirmation of the up-trend, then make sure that the RSI is above 50. If you think the market is in a down trend, then make sure that the RSI is below 50. Suppose you found an uptrend, but doubt its strength. To avoid false signals, wait until the RSI crosses a level above 50, confirming the assumption. Now we can say quite confidently that the trend has formed, the intersection of the RSI level above 50 is a good confirmation. You may notice, for example, that during correction in the upper trend, the RSI line will often find support on line 50 before returning again. During the lower trend, rebounds of the RSI line will often stop near line 50.

Use signal line 50 to confirm the trend. If the RSI is above line 50, the trend is upward and it is recommended to enter only into purchases, if below - we consider only sales.

Failed swing

When the index is in oversold or overbought zones, a special model may form on the oscillator chart, which Wilder calls a “failure swing”.The “failed swing” in the peak position is that during an uptrend, the next peak of the indicator curve does not reach the level of the previous peak, after which the curve falls below the level of the previous decline. A “failed swing” in the base position occurs when the falling indicator (below 30) still does not fall below the level of the previous decline, and then, rising, exceeds the previous peak.

Nevertheless, despite the reliability of the pattern, it should not be used blindly and without confirmation by other tools. At a minimum, you need to filter transactions by the direction of the trend.

Levels and Trend Lines

The classic graphical analysis works quite well on the RSI indicator chart.

In the figure above, the usual horizontal level is built on the graph of the RSI indicator. At the same time, the indicator support points coincide with the support points of the trend line on the price chart. Notice how the RSI told us about the breakdown of the trend line 4 bars before this event. Example of trend lines:

The absolutely classical behavior of the indicator during the breakdown of trend lines is a lot of touches, then a breakdown and almost always a mandatory retest of a broken trend line gives an excellent opportunity to enter a deal at the best price. The best signals are taken in overbought and oversold areas. In this case, one must act in exactly the same way as in the analysis of price charts - the more touches, the higher the time frame, the longer the model in time, the more reliable the signal.

Graphic shapes

In addition to levels and trend lines, RSI charts also often analyze technical analysis figures, such as head and shoulders, triangles, wedges, rectangles, and others. With their help, you can predict the dynamics of the movement of the Index, as well as the time when exactly the price trend should change.

RSI often creates graphical models that may not be indicated on the price chart. Nevertheless, such figures can be pretty good signals to enter a position, often ahead of most other methods.

Divergence

Another tool for forecasting prices using the Relative Strength Index is the study of the discrepancy that has arisen between the direction of movement of the Index chart with the price trend. By divergence, two cases are understood:
1. RSI is growing, and the price is falling or at the same level.
2. RSI is falling, but the price is rising or not moving.
The discrepancy in this case is a strong reversal indicator. And although it does not occur at every turn, it is often met at especially serious turning points.

The discrepancy between the RSI curve and the price movement curve for index values ​​above 70 or below 30 is a serious signal, which is dangerous to neglect. Wilder himself calls the discrepancy "the most significant indicator for the relative strength index." In such a case, the index curve shows either a double bottom or two rising bottoms. In this example, the oscillator signal very accurately indicated the beginning of a price correction and the need to fix profit on a bear market.

The RSI indicator shows rather well the discrepancies (divergences) between the price readings on the chart and the values ​​of the oscillator itself.

As mentioned above, discrepancies are formed when the price reaches a new maximum (minimum), but it is not confirmed by a new maximum (minimum) on the RSI chart. In this case, a price correction usually occurs in the direction of the RSI movement. More information about divergences and their types can be found on the blog pages.

RSI and moving averages

Most traders use the RSI indicator only in the traditional manner of analyzing overbought and oversold levels. The graph below shows how a simple addition of the Moving Average to the indicator creates a smoothing effect and shows the direction of the trend of the RSI indicator.

A moving average (red) shows the direction of the RSI indicator, as well as finding the index itself relative to the moving average (above or below), which also indicates the current trend. In addition, the moving average can act as a resistance level for the indicator.

Since applying one average to the index of relative strength gives such good results, then two average should be quite a grail.

This, of course, is not entirely true, but still, taking into account the direction of the trend, you can get good signals at the intersection of two moving averages constructed according to RSI data.

How to identify a trend using the RSI indicator

When they asked John D. Rockefeller how the price of the Standard Oil stock would behave, he allegedly replied: “I believe it will fluctuate.” Price fluctuations, of course, are the essence of the market in which the buyer and seller collide. Prices can fluctuate in a range with lower and upper boundaries, which are often called support and resistance levels. In other cases, prices may fluctuate within an upward or downward price channel. When prices break through the range and move towards their ultimate goal - up or down, we can talk about the trend.

Determining the presence or absence of a trend is one of the most important tasks of technical analysis. The classic indicator used in the trending market is the moving average, since the price, moving in a trend, tends to remain on one or the other side of the correspondingly selected moving average for most of the trend. The main drawback of the moving average is lag. It cannot reflect current reality, because based on historical data.

RSI is based on price changes and is therefore an indicator of price speed. With this in mind, in the case when most of the price changes occur in the direction of growth, we can expect that the RSI will have a value of 50 or higher, indicating that the moving average with the same period as the RSI has a positive slope. The opposite is true for the case when most of the price changes occur in the direction of decline, and the RSI is below 50.

Simple Moving Average (SMA) with a period of 200 is shown by the red line, and RSI (200) is shown by the blue. Level 50 is indicated in blue. At point A, the slope changes from descending to ascending, with the SMA 200 turning up and RSI 200 decisively rising above 50. Note that determining the change in the slope of the moving average by eye is difficult, but it is easy to notice a drop in RSI. We saw that the RSI can determine the change in the slope of the moving average when it goes into a zone above or below 50. But this is not the same as determining the trend, since the slope of the moving average during the main trend can be smoothed or even reversed for a short time.

One way to solve the problem is to use the RSI index itself as a simple moving average indicator. Moving averages with periods of 100 and 200 are shown in green and red in order to determine the trend. The 100-day average from the RSI 200 is shown in red, with a horizontal line at 50. As mentioned earlier, a trend change occurs when the RSI line crosses level 50. The same applies to the moving average RSI. RSI signals took place a little later than the intersection of moving averages (points 2 and 6 versus 1 and 5). But note that SMA 100/200 prices had sawtooth movements at points 3 and 4. In addition, there were several sawtooth price movements with the intersection of SMA 200. The 100-day moving average RSI 200 - on the contrary, did not have such movements at all during this period .

A more sensitive method is to compare the RSI with its own moving average. The figure above shows the RSI 200, built with its own SMA 200. The RSI 200 crosses its SMA 200 from bottom to top at point 1 and from top to bottom at point 2. Note that the signal at point 1 appeared earlier than the intersection of moving averages. This method shows us most of the upward phase of the market.

Using channel indicators

The use of channel indicators somewhat simplifies the interpretation of RSI signals, since in this case the overbought and oversold levels become dynamic and move along with the relative strength index chart. In addition, the channel direction itself indicates the trend direction to the trader. For example, you can build Bollinger bands using RSI values.

Just as the RSI chart as a whole repeats the price chart, often ahead of price reversals, so the Bollinger Bands based on RSI values ​​can in some cases generate earlier or clearer signals for opening a position. If you are able to effectively use the Bollinger band indicator, then you may find that using Bollinger bands based on RSI values ​​will give you a number of additional advantages, especially if you take into account other signals generated by the RSI indicator. You can also use envelopes of medium (Envelopes), or, for example, TMI, as well as any other channel indicator.

Personally, I prefer TMI, the application of which can be seen in the figure above. In addition, as the midline 50, some traders use moving averages based on RSI values.

RSI on different timeframes

The RSI indicator shows good signals, but still its readings must be filtered. One of these possible filters may be RSI from an older period. While the RSI signals oversold on the M15 period, on H4 the indicator may be in the overbought zone. In this case, the input according to the RSI on the M15 may result in losses.

In the figure above, two RSI indicators with a period of 14 are plotted on the EURUSD H1 chart. The upper one is based on the H1 period, the lower one is on the H4 period, all other settings are the same. The red dots indicate the RSI indicator exits on the H1 period from the overbought zone, green - from the oversold zone. Orange and blue circles are the same, but for the RSI indicator, built on the H4 period. Pay attention to how insignificant fluctuations are well filtered and only really large movements remain when combining the readings of both indicators.

Silent_RSI indicator

And finally, I want to talk a little about the indicator that I wrote specifically for this article. It includes most of the signals considered in this article, therefore, having studied the theory set forth by me, you can use it as efficiently as possible.

What is the essence of the indicator?

The indicator is a classic RSI indicator with some "bells and whistles" and "additional equipment." Let's take it in order.

So, the basis of the indicator is the classic RSI. As well as in the standard indicator available in the MT4 terminal, it has the following settings:

RSI_Period - period of the RSI indicator

RSI_Applied_Price - the price for calculating RSI is made in the form of a drop-down box with the ability to select the price necessary for calculating.

As well as many additional settings that make the use of the indicator more convenient and effective:

RSI_Timeframe - indicator operation period - the same timeframe from which data are taken for calculation. Also made in the form of a drop-down menu with a list of all available periods.

The following settings are used to visually make the RSI indicator line more pleasant and flexible:

RSI_Style - the style of drawing the line of the RSI indicator (solid, dotted, dotted line, and so on). Made in the form of a drop-down menu.

RSI_Width - RSI line thickness from 1 to 5 (from the thinnest to the thickest).

RSI_Color - RSI line color

The RSI indicator line changes color when it rises above the overbought level or falls below the oversold level. This is done for the convenience of visual perception of the indicator. Naturally, like everything in this indicator, colors can be customized:

RSI_overBought_Color - RSI line color at overbought

RSI_overSold_Color - RSI line color when oversold

Now consider the indicator level parameters:

overbought and overSold - Nothing but those very levels of overbought and oversold. When these levels intersect, the indicator will change color. They also serve to receive signal No. 1 from the indicator, but more on that later.

Maxoverbought, Maxoverold - these are also overbought / oversold levels, but higher / lower, for them the indicator comes less often. They serve only to receive signal No. 2.

The visual display of levels can be turned off by setting Show_RSI_Levels= false, but you can simply configure them:

RSI_Levels_Color - color of levels

RSI_Levels_Style - level style (similar to the RSI line)

RSI_Levels_Width - thickness of the drawing levels.

In this article, we looked at several examples of the use of moving averages, calculated according to the RSI. The indicator adds the ability to analyze the intersection of two moving averages (signal No. 3).

If you do not need moving averages at the moment, you can safely disable them using the parameters Show_MA1 and Show_MA2. In this case, signal No. 3 will not be supplied, of course.

If you still decide to use them, then you must first configure them:

MA1_Period and MA2_Period - periods of moving averages

MA1_Applied_Price and MA2_Applied_Price - prices for calculation

MA1_Method and MA2_Method - calculation method (simple, exponential, and so on).

The following settings traditionally allow you to change the appearance of moving averages:

MA1_Style and MA2_Style, MA1_Width and MA2_Width, MA1_Color and MA2_Color

Talking about the use of channel indicators for RSI analysis, I just could not help but include Bollinger Bands and. They generate signal No. 5 and can also be turned off: Show_tma and Show_bb.

The settings for color, line thickness and rendering style are the same, with one change: you can choose your own color for the upper, middle and lower line of the channel.

Both channels can be applied together, but then TMA will be used to calculate the signals.

TMA Settings: Halfength, Devperiod, Deviations.

Bollinger Bands Settings: bb_period, bb_dev, BB_Method

Well, now let's go directly to the signals.

showArrows - show arrows when the RSI indicator leaves the overbought / oversold zones. Signal number 1.

showMaxZoneArrows - show arrows when the RSI indicator leaves additional overbought / oversold zones. Signal number 2.

showMACrossArrows - show arrows at the intersection of two moving averages constructed according to the RSI indicator. Signal number 3.

showDiv - show arrows when the "failed swing" pattern occurs. Signal number 4.

showChannelArrow - show arrows when the RSI indicator crosses its channel and then return to the channel. Signal number 5.

show50cross - show arrows at the intersection of level 50 with the RSI indicator or one of the moving averages. You can select one or another indicator to track the intersection using the cross50 parameter drop-down menu.

RSI parameters for determining the trend: RSI_Trend_Period (period) and RSI_Trend_Applied_Price(price for calculation).

Options MA - MA_Trend_Period (MA period) MA_Trend_Applied_Price (price for calculating MA) and MA_Trend_Method (method of calculating MA).

There is also a parameter UseTrendFiltration, which in the true position shows signals only according to the current trend, determined by RSI.

In addition, you can adjust the distance from the arrows to the price parameter Arrowdelta - this is just the indentation in pips from the highest or lowest point of the candle on which the signal appeared, to the very arrow.

Well, as always, in addition to the fact that each arrow has a signal number (see above), you can also configure the display color of each arrow separately.

And the last few parameters relate to convenience or is it service settings.

Play_Alert - use alerts when new signals appear.

Play_sound - play sound when receiving a signal.

UseSnapShot - take a screenshot when a new signal appears. Pictures are in .gif format and are stored in the terminal data directory folder of the MQL4Files.

UseSendMail - send a message to the mail when new signals appear.

UseSendPush - send a push message when new signals appear.

UseReconnect - when working in real time, if you are out of access to the terminal and you have one of the types of messages configured, you may not receive a message when the terminal disconnects by missing a potentially profitable signal. With UseReconnect = true, the indicator will scan the server at disconnect, and if this does not help, it will reconnect to the current account to always stay online.

Usepanel - displays a small panel with reference information:

When you click on the minus button, which I indicated with an arrow and the number 1 in the figure, the panel collapses and the screen becomes free again.

Topfield, Datafield, ExpNameCol, Textcol - color settings of the panel.

Conclusion

Many traders do not like classic indicators and even indicators in principle. I believe that they simply do not know how to cook them. In this article, many interesting signals of a classic indicator called the Relative Strength Index were analyzed. Nevertheless, the many nuances of its application are simply impossible to consider in the framework of one article. Therefore, I invite fans of this wonderful indicator to a forum where everyone can share their secrets of using RSI, and beginners will be able to learn how to use it more efficiently.

The indicator I created can be downloaded for only $ 299 absolutely free. With the accumulation of feedback and new ways to use the RSI indicator, I will make changes to the current version. I hope he helps you on your journey to welfare.

Watch the video: Bollinger Bands Trading Strategy: How to Trade it Like a PRO (February 2020).

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