Re: RSI Indicators for MT4

2261
Jimmy wrote: Tue Feb 21, 2023 8:10 pm Rocktheedge
Of course; I am not Rocktheedge and don't know what his trading approach will be...
As a (fundamental) disbeliever in overbought and oversold, however, I'd say:
above or below 50 is a good approach.
bias: you have lower lows and lower highs
entry: whenever RSI is below 50 and candle (crosses and then) closes below EMA20 you sell
when RSI shows divergence (to the upside), you're out [won't make you rich - better refine your exits!]

For buys: turn the approach around
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Re: RSI Indicators for MT4

2262
josi wrote: Tue Feb 21, 2023 8:34 pm Of course; I am not Rochtheedge and don't know what his trading approach will be...
As a (fundamental) disbeliever in overbought and oversold, however, I'd say:
above or below 50 is a good approach.
bias: you have lower lows and lower highs
entry whenever RSI is below 50 and candle closes below EMA20 you sell
when RSI shows divergence (to the upside), you're out

For buys: turn the approach around
Bless you Josi, you're doing the hard work for the trader who originally requested for the modification.
These users thanked the author Jimmy for the post:
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DislikeRe: RSI Indicators for MT4

2267
rocktheedge wrote: Mon Feb 20, 2023 3:38 am HI Mr Tool.
Can you please put an arrow buffers for this version i will be thankful to you
mrtools wrote: Mon Feb 20, 2023 5:52 am Added arrows with buffers. How are you using these in your trading, would appreciate you sharing your experience & feedback with this. Thanks!
Coders and friends....

Do not help this Rocktheedge guy anymore if he does not give feedback & reply

Help those who make time to give their responses & contribute.... only
These users thanked the author moey_dw for the post (total 2):
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