RSImaxmin

What is RSImaxmin?

RSImaxmin is a specialized trading indicator based on the Relative Strength Index (RSI).

It identifies market conditions such as overbought and oversold signals.

Utilizes automatic detection of bullish and bearish divergences.

Displays signals graphically through circles for divergences and squares for overbought points.

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Key Features

Configurable alerts that notify traders of significant market signals.

Dynamic support and resistance levels calculated in real time.

Automatic adjustment of overbought and oversold levels based on market trends.

Incorporates a "cleaner RSI" filter to reduce signal noise for better clarity.

User Experience

Rated 4.5 on trading platforms, indicating good overall user satisfaction.

Traders report effectiveness in varying market conditions.

Works with any asset and across different time frames, enhancing its versatility.

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Usage Tips

Best utilized in conjunction with other trading strategies or indicators for optimal results.

Customize alert settings based on personal trading styles and preferences.

Regular backtesting is encouraged to familiarize oneself with the indicator’s behavior in real-market scenarios.

Conclusion

RSImaxmin forms a robust tool in the toolkit of modern Forex traders, combining simplicity with profound analytical power.

Inevitably, mastering this indicator can lead to better-informed trading decisions and potentially increased profitability!

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RSImaxmin

MT5 Trading Indicators MT5

Easy Rating: 0/0

MQL Rating: 4.5/12

Divergences Forex Trading

If you've ever thought trading is just about throwing darts at a chart, brace yourself for some real insights. Welcome to the world of RSImaxmin, where overpricing and divergences play a game of hide-and-seek, and maybe, just maybe, assist you in making that elusive profit. But, ...

Release Date: 08/02/2020