There are many trading strategies that use theRelative Strength Index (RSI)indicator. Traders have come up with creative and profitable ways to use this indicator and it's available on every trading platform. However, what'snotavailable on every platform is the ability to get alerts when RSI h...
The ‘Better’ Emini charts look a little different – not your traditional moving averages, Fibonacci retracements, RSI and MACD. The video above runs through how to setup the ‘Better’ indicator charts with the 3 non-correlated indicators (Better Sine Wave,Better MomentumandBetter Pro Am)....
When you trail your stop loss, you don’t want to set your stop loss too tight because there could be just a spike due to market volatility and it gets stopped out. One way to go about it is to use the volatility of the market to trail your stop loss. What you can do is that ...
measured at an RSI over 70, then it is overbought. If a stock is below 30, then it is oversold. If you notice a stock is rising towards 70, it could mean that the stock has an upward trend, but you want to check this with another indicator to ensure that it is not being ...
Using multiple indicators complementing one another can provide a more comprehensive view of the market. For example, combining a trend indicator like a moving average with a momentum indicator like RSI can give a clearer signal than using two similar indicators. ...
RSI indicator Fibonacci extension Support & Resistance Imagine: You’re long, where would seller come in? You’re short, where would buyers come in? Here’s a clue… Support is an area where there is potential buying pressure to push the price higher. ...
Suppose the robot is based on the Relative Strength Index RSI indicator and operates on the principle of getting out of the overbought and oversold areas (70% and 30% of the indicator scale, respectively). As soon as such a situation occurs on the chart, the robot opens a transaction on ...
("RSI level >= 100 or <= 50"); return INIT_PARAMETERS_INCORRECT; } trade.SetExpertMagicNumber(MagicNumber); handle = iRSI(_Symbol, PERIOD_CURRENT, RSIperiod, PRICE_CLOSE); if (handle == INVALID_HANDLE) { Alert("Failed to create indicator handle"); return INIT_FAILED; } ArraySet...
Moving averages are ideal for identifying market trends. For this reason, they are used by virtually every market analyst and are generally the first indicator to go on any price chart. A rising moving average indicates an uptrend, with momentum favoring buyers as long as price remains above ...
On-balance volume (OBV)is a trading indicator of momentum that uses volume flow to predict how a stock’s price will change. OBV calculates this by adding a stock’s volume on up days and subtracting it on down days to indicate how strong a trend is. ...