Relative Strength Index (RSI)





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Forex MT4 indicator RSIRSI.mq4
Forex MT4 indicator RSIRSI-TRADER.mq4 - EA (requires Functions.mq4)
Forex MT4 indicator RSI EARSI-TRADER1.1.ex4 - EA

RSI Indicator Forex


Introduction to RSI indicator


Relative Strength Index (RSI) - is another great momentum indicator developed by Welles Wilder.

Standard period settings for RSI is 14 periods, which can be applied to any time frame.
RSI indicator compares the average of up and down closes for a specific period of time.


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rsi70++++++trade buy but sell?

 

which technical indicator i should add with BOLINGER BAND long time & short time....??

 

"Before getting too excited about divergences as great trading signals, it must be noted that divergences are misleading in a strong trend. A strong uptrend can show numerous bearish divergences before a top actually materializes. Conversely, bullish divergences can appear in a strong downtrend - and yet the downtrend continues."

Do you agree with above?

 

My professor asked us a question in class that no one was able to answer.

When RSI approaches 70 and above, that's usually an indicator to sell. However, there's one scenario when the RSI reaches 70, 80, or even
90, people should buy.

His question was why would they buy if the prices increased?
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I have the answer and created an EA that is profitable!

 

Love it,just love it.....Thank you.

 

RSI is the best and most accurate indicator i have ever seen.... hats off

 

Thanks, I am a new trader, please what is failure swing

 

RSI set at 14 corresponds to a half lunar cycle on the daily timeframe. I concur with the statements above for trend reversal multiple long term divergences are required in fact a single divergence is strongly indicative of trend continuation after a short hiatus in the prevailing direction.