Double Rsi Strategy


Required indicators: 1) Parabolic SAR 2) 100 EMA 3. The Derivative Oscillator created by Constance Brown is a triple smoothed RSI that incorporates two EMAs and one SMA. Usage Tips:. The RSI oscillates between zero and 100. Measuring the Trend Strength using RSI; Powerful Trading Setups Trading Overbought and Oversold; Trading Range Rules; Power Play I; Power Play II; The Punch Setup; Trading with Reversals; The Double 5 Strategy; Powerful Trading Setups. BO攻略法「Double Trend Profit」 BO攻略法「Binary Comodo」 BO攻略法「3°Candle Binary Options High/Low Stategy」 BO攻略法「Swing Extream SCALPING Trading System」 BO攻略法「Double Buzzer RSI TC Strength of Momentum Trading」 BO攻略法「60-minute Binary Options Strategy」 トレード日記. Due to it is still in development and optimisation, I am sorry that I will not publish it. It indicates possible reversal signals when there are discrepancies between an indicator and price movement. Technical Analysis Tools: RSI and MACD There are a several tools and indicators used for technical analysis of stocks. The RSI (relative strength index) is a popular trading indicator by J. There is nothing easy about trading but that does not mean you can’t have a simple trading strategy for Forex, Futures, Stocks, or any market and one that works if you follow the rules. Anyone who uses a computer regularly is at risk and should know about RSI. com or contractors and/or employees of the site is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The General Rating: Okay, so now it’s time for the ultimate verdict on RSI 80-20 Trading Strategy. Relative Strength Index - RSI (14) levels 70 and 30. After that, we use a 200 EMA to determine if we should go long or short. 200, buy the same…please give a code to execute this strategy…. NSL - Tick and Size of Bar. TF (TimeFrame) - 15 min or larger Broker - Any that offer MetaTrader 4 platform. The closing price of the stock must be above 200 Day Moving Average. Double CCI with RSIOMA can become a money printing machine for you if you follow the rules of the system in a smart way. A reading above 70 is considered bullish, while a reading below 30 is an indication of bearishness. Currently I have not adapted stop loss to the script yet, only enter and exit condition based on trend. 3 stop loss. Notice: Undefined index: HTTP_REFERER in /home/zaiwae2kt6q5/public_html/utu2/eoeo. The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. But the my manual review of the data shows this is a good strategy as long as you do risk management correctly. RSI's use of the service with Walmart showed it could increase sales half a percent to one percent at the massive retailer. Best Used For: Intra Day Trading. Double RSI 1 min Scalping System is momentum-strategy for fast trading. no offsets of any kind. Concept: The long equity trading system based on the 2-Period RSI (Relative Strength Index). Then click on the input tab and change the value to the period you want to use. - rafaelfvcs/Introduction-to-MetaTrader5-and-MQL5---book. Find the indicator/cbot you want to use from the menu on the left. You will need: Charts (try TradingView. Averaged or Mean Average Renko bars have different bar sizes depending on market volatility. Trend Determination Using RSI 4. contact this mail if you feel. John Bollinger's speaking schedule. You can already tell from the name of the system that this strategy generates trading signals using the RSI. Figure 1 shows how this RSI entry strategy could be used in an uptrend. Varying Indicators: 2-Period ADX. This strategy uses two of the most popular trading indicators on the market, Bollinger Bands and RSI. As this strategy is made with 3 important indicators, this strategy has good success rate. It has RSI, pin bar and MACD or RSI divergence filter options which makes it possible to filter out only the strongest setups. A reader asked if I could backtest a trading strategy based on the RSI(2) technical indicator. Based on the strategy of The difference between 2 RSIs(5,14) When the Fast RSI Crosses the Slow RSI , you may scalp in that direction. It has remained relevant for more than 30 years despite market changes and the development of more sophisticated trading technology and tools. On October 25th last year (2014), a trading system named Double Bollinger Bands or DBB was introduced by Kamel (read this). Deeper understanding of RSI is an integral part of this section. Varying Indicators: 2-Period ADX. mql4 (attached) for correct working. Measuring the Trend Strength using RSI; Powerful Trading Setups Trading Overbought and Oversold; Trading Range Rules; Power Play I; Power Play II; The Punch Setup; Trading with Reversals; The Double 5 Strategy; Powerful Trading Setups. get trading bots contact with telegram https://bit. Adapted the double RSI with stochastic strategy to UKOIL. A simple Exponential moving average (EMA) crossover trading strategy with RSI indicator as a filter. Exit when Connors RSI crosses above 70 */ market not etf close > 5 average volume(21) > 1000000 set{7below,close 1 day ago *. This simple strategy only triggers when both the RSI and the Bollinger Band indicators are at the same time in a overbought or oversold condition. This strategy uses the RSI indicator together with the Bollinger Bands to go long when the price is below the lower Bollinger Band (and to close the long trade when this value is above the upper Bollinger band). Platform: Metatrader5 Currency pairs: Any pairs, indices and metals Trading Time: Around the clock Recommended broker: icmarkets, XM This is a MetaTrader 5 version of RSI of MACD double. Two different RSI periods generate both entry and exit signals on any financial instrument. The RSI Divergence Forex Trading Strategy is about the confluence of divergence trading and the overbought or oversold market conditions. Harmonic Pattern Detection Indicator Free Download MetaTrader 4&5|Harmonic Pattern Trading Strategy Download free harmonic pattern finder v3 indicator for mt4 Harmonic pattern indicator ex4 Harmonic patterns Shepherd harmonic pattern free download Pz harmonic pattern indicator mt4 free download The ultimate harmonic pattern strategy book pdf Free harmonic scanner indicator Harmonic patterns. rsi input is set to 7. The only parameter to RSI is the number of periods (days, hours, price bars etc…) to calculate average gain & loss values. Double top bottom scanner with RSI filter. It means it doesn't need … Continue reading How to Increase Double Bollinger Bands Trading System Success Rate. However, the default RSI is too ragged so I decided to write a smoother version by using a weighted average as input rather than the close price. A good signal occurs when the 14-day RSI is in a downtrend, crosses below 30, and then either fails to make a lower low (double bottom) or makes a higher low while price makes a new low (bullish divergence). UPDATE In this updated version 1. See other Trading Strategies. On the buy setup, we can see price touched bollinger band first, but rsi didn't fulfills the conditions. Step 1: Set Up Your Charts. Double CCI Forex Scalping System Take advantage of rapid movements on smaller timeframe's such as the 1 minute and 5 minute charts with the Double CCI scalping system strategy. Today buy on the close if the total of today’s RSI (2) plus yesterday’s RSI (2) is less than 2, 5,10,15,20. Relative Strength Index is a common technical analysis tool, it is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. This strategy combines the classic RSI strategy to sell when the RSI increases over 70 (or to buy when it falls below 30), with the classic Stochastic Slow strategy to sell when the Stochastic oscillator exceeds the value of 80 (and to buy when this value is below 20). The RSI Divergence Forex Trading Strategy is about the confluence of divergence trading and the overbought or oversold market conditions. This strategy is also simple for create a expert advisor. I enter short when: RSI reaches 80 or more I enter short. Here is the strategy tested on XLP: Yesterday IBS must be lower than 0. The RSI is a simple momentum indicator that measures the speed and change of recent price movements to help identify overbought and oversold markets. It needs Double Stochastic Rsi mtf. 1 the strategy was both simplified. This simple strategy only triggers when both the RSI and the Bollinger Band indicators are at the same time in a overbought or oversold condition. STRATEGIES USING CHART FORMATIONS Chart formations such as Double Bottom, Cup & Handle, Head & Shoulder, Double Top give powerful bullish and bearish signals. Currently I have not adapted stop loss to the script yet, only enter and exit condition based on trend. Double Stochastic RSI - indicator for MetaTrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. UPDATE In this updated version 1. indicators: RSI with Period (2) placed on RSI with Period (12) to setup rsi simply place the rsi(12) on your chart normally then drag the rsi again and place it on top of the rsi(12) and enter the setting of two. The Strategy was revised and updated on December 10, 2018. NSL - Tick and Size of Bar. Table of Contents: Section I - Preparation and Understanding - The Key to Success! 1. I want to take a closer look at the 2-period RSI indicator and see if we can improve the basic trading system by Larry Connors. What it is: The RSI indicator mirrors and anticipates price patterns in the underlying stock or index chart. The lower the Cumulative RSI, the better. On the buy setup, we can see price touched bollinger band first, but rsi didn't fulfills the conditions. How you can be successfully in Forex/binary trade and a good profitable strategy you can make up to $30,000 every two week with the ATL method, with this strategy you get to win 99% of you trade and it works with all trading platform and i also trade for people who needs help. Double MACD & Stoch strategy Trading Systems. You can see on the picture above original and the changed one (arrows also added). Double Top and Double Bottom in RSI Oscillator - Financial and Forex Market Trading Signals - Neckline and Breakout Price in Relative Strength Index. See Trendline 1 in the chart below. Configuration and indicators of the trading system. As a result, the sophisticated software responds better to price fluctuations and does not have any slowdowns. Double top pattern on RSI plot Be careful to maintain the distinction between the relative strength index on a single security and “relative strength,” which is a ratio in which you divide the prices of two securities (such as the relative strength of silver vs. You need an Indicator or Signal developed, submit your request here. Review – 2-Period RSI Trading Strategy. The MACD and RSI trading strategy works on the premise that the RSI indicator is used to gauge the market momentum while the MACD oscillator’s histogram is used as a timing indicator. To watch a video course about this system, click here. Use shallow throwbacks as an entry condition. mq4 Rsi Ema Alert Ind. The RSI (relative strength index) is a popular trading indicator by J. The average daily return while in stocks for the DB-DS strategy falls between those of the RSI strategy and the MACD strategy. As a result, the sophisticated software responds better to price fluctuations and does not have any slowdowns. Simple Trading Strategies 20 SMA With RSI Forex Trading Strategy Parabolic SAR And MACD Forex Trading Strategy-Strategy Works Really Well In Strong Trending Market. If you are looking at a possible uptrend, then make sure the RSI is above 50. RSI DOT MMS is very interesting indicator based on double rsi up and down. Double Stochastic Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast. When #1 hits 10 or lower and #2 hits 70 or above, it signals a sell trade. Maybe you want to take a look at latest h1 setup on UJ. When the trendline is too steep it becomes more and more unreliable and could cause you to enter deals in a highly trending market. The RSI Trendline Forex strategy Trading Zone filter. Averaged or Mean Average Renko bars have different bar sizes depending on market volatility. Double bottom trading setup. A “same time crossover” on all 3 indicators creates a higher probability of success and it is preferred that most of the entries to be done under these circumstances. It’s a multi-timeframe strategy and to double confirm the signals it looks at RSI values from the daily timeframe. For those who are not yet adept to quick trading, you may use the 5-minute chart, however, that would already border more towards a day trade type. TRIX Calculation. The two dots are positioned above or below the candlesticks, as you can see on the picture above. Time In Bar – Seconds. 01%), and 1-week later (0. Sell: When RSI goes below trigger line and RSI<40. This will install all necessary files in cAlgo. For H1, I put my stop loss AND take profit at 30 pips. We have already talked about RSI support/resistance breakout and divergence/convergence. In this new version 1. Method And rules For Ema channel with Rsi. Even in scary laryngoscopy cases, RSI is probably still optimal if the patient is high risk to vomit (has been vomiting, upper GI bleed, bowel obstruction). High RSI (usually above 70) may indicate a stock is overbought, therefore it is a sell signal. Our utmost priority in trading is being able to spot a trend, because that is where the bulk of profits is being made. TRIX, which is a triple smoothed EMA, is essentially an EMA, of an EMA, of an EMA, hence the "triple". RSI The calculation for RSI is 100-(100/ 1+(U/D)) where U=avg upward price change and D=avg downward price change. [email protected] Most platforms use a default 14-period when calculating TRIX, but the. Two different RSI periods generate both entry and exit signals on any financial instrument. Summary Section I Section II - Using the RSI to Trade 1. But many intraday traders find it lacking, because it produces infrequent trading signals. I like to use multi-time frame analysis. Hello friends, i will show you the best Forex/Binary option broker that is profitable. This simple strategy only triggers when both the RSI and the Bollinger Band indicators are at the same time in a overbought or oversold condition. Likewise, average loss is the sum of all losses (using 0. Click here to download. The Stochastic Oscillator is a popular trading indicator that follows the speed of price action momentum. The Relative Strength Index (RSI), developed by J. 6 Investment of Rs. RSI stands for Relative Strength Index. You can use it to predict market behavior and asset values, but RSI should just be one indicator in a comprehensive trading strategy. Let’s look at the system details, backtesting results, and AFL code. The 1 Minute Daily Forex Trading Strategy is a scaling system used to trade the major currency pairs. Platform: Metatrader5 Currency pairs: Any pairs, indices and metals Trading Time: Around the clock Recommended broker: icmarkets, XM This is a MetaTrader 5 version of RSI of MACD double. But the my manual review of the data shows this is a good strategy as long as you do risk management correctly. Basically, buy when the bigger trend is up and RSI(5) dips below 30. indicators: RSI with Period (2) placed on RSI with Period (12) to setup rsi simply place the rsi(12) on your chart normally then drag the rsi again and place it on top of the rsi(12) and enter the setting of two. Price Behavior 6. Bollinger bands, if reached/exceeded, represent unusually large price moves and a “price extreme”, which in turn can induce a corrective “back to the mean” kind of move the other way. In these scenarios, the protection against emesis afforded by paralysis is compelling, so proceed with RSI, but use a double setup , with your partner on standby, ready to cut the neck. This strategy is for day and for swing trading. Table of Contents: Section I - Preparation and Understanding - The Key to Success! 1. The return was increased and the maxdrowdown did not rise too much comparing before. We often refer to the double rsi trading signals indicator for metatrader 5 as rsi with rsi. We need a shorter-term Exponential Moving Average (7-day EMA, white on the charts below) and a longer-term one (26-day EMA, red on the charts below). Call date - 07/12/16 BUY VEDL225PE29DEC16 [email protected] However, this strategy strictly trades reversals that occur in the last 50 candles. #2 is 15-3-3 and it's used on 1M chart. Traditionally the RSI is considered overbought when above 70. Then click on the input tab and change the value to the period you want to use. It means it doesn't need … Continue reading How to Increase Double Bollinger Bands Trading System Success Rate. The chart below shows an hourly chart for the EUR/USD currency pair with Bollinger bands and a RSI. Best Currency pairs : EURUSD GBPUSD. A better signal is when 2 or more timeframes have the same low RSI reading. Strategy: 10 Trade with Cumulative RSI's. High RSI (usually above 70) may indicate a stock is overbought, therefore it is a sell signal. More so, the DoublecciWoody, FIBTunnel and DEMA MT4 indicators are rightly added to give the strategy its characteristic […]. If you are looking at a possible uptrend, then make sure the RSI is above 50. net website is for educational and entertainment purposes only. The indicator windows focus on the RSI(5) strategy that was presented in a System Trader article. RSI and MACD Strategy - Double Confirmation Momentum Forexstrategieswork. But many intraday traders find it lacking, because it produces infrequent trading signals. MACD and Stochastic trading strategy. A huge collection of 3500+ free indicators, oscillators, trading systems & expert advisors for MT4 and MT5 trading platforms. Connors wrote about the strategy in his book with Cesar Alvarez called " High Probability ETF Trading ". This strategy is also simple for create a expert advisor. MACD RSI Forex Strategy Our utmost priority in trading is being able to spot a trend, because that is where the bulk of profits is being made. In addition, the main chart is easier to see by sub-windowing the Ichimoku equilibrium table. Click here to download. Download Double EMA Channel with RSI and Stochastic in binary MT4 In Forex trading have many indicators and forex strategy but Double EMA Channel with RSI and Stochastic in binary give you daily chart profit if you follow his all buy or sell trad rule. There are others that use RSI with different periods. This week we are going to share an excellent Intraday trading strategy for Nifty. look out for the MAE ferry high up to -$5249. Fill is colored differently according to an uptrend (short period RSI above long period RSI) or a downtrend (short period RSI below long period RSI). Forex indicators: Fast RSI (Relative strength index) with period 2, placed over slower RSI (period 12). binary binaryoption 1m strategy stochasticrsi This is an an adaption of FCT / BTC on Poloniex. Double bottom. So i'm looking to buy when CCI>100 and RSI>50 and sell when CCI<100 and RSI<50. Scenario 2: Just buy with TradingView alerts, let Gunbot sell. Buy: When RSI crosses above its trigger line and RSI>60. Home » Indicators MT4 » CC RSI Double System Indicator 4 of March of 2020 341 great metatrader indicator to use as assistance in the forex market, with it it is possible to have different notions due to the high range of indicators used in this trade system, combine it with other indicators or price action to obtain good result. Break out: The EA opens a trade if the RSI levels breaks out of the oversold/overbought level. The indicator writes the signals to a text file which can also be used by an Expert Advisor (EA) for auto trading. "RSI_ICIMOKU" is simply an RSI instead of a lagging line for the glance balance table. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. Short term trend following strategy using the Relative Strength Index but not the way that you are taught! This strategy uses the RSI on 1 hour charts to ride the existing momentum in the market. You will need: Charts (try TradingView. Simple Trading Strategies 20 SMA With RSI Forex Trading Strategy Parabolic SAR And MACD Forex Trading Strategy-Strategy Works Really Well In Strong Trending Market. mq4 RSI_2SigMAs_mtf + histo. The Strategy was revised and updated on December 10, 2018. High Accuracy Forex Trading - The Best and Easy Forex Technical Trading Strategy with Double RSI and The Cronex T Demarker GFC (Color) indicator. If you are looking at a possible downtrend, then make sure the RSI is below 50. "RSI_ICIMOKU" is simply an RSI instead of a lagging line for the glance balance table. Summary Section I Section II - Using the RSI to Trade 1. It would in original be value 50 of the RSI. High Accuracy Forex Trading – The Best and Easy Forex Technical Trading Strategy with Double RSI and The Cronex T Demarker GFC (Color) indicator. A Fisher histogram oscillator has also been added with the system to make it more productive with steady level of success. This simple strategy only triggers when both the RSI and the Stochastic are together in a overbought or oversold condition. The 1 Minute Daily Forex Trading Strategy is a scaling system used to trade the major currency pairs. The 2-period Relative Strength Index (RSI) can work as a short-term trade entry signal. The Relative Strength Index gauges market momentum and identifies overbought and oversold conditions. Double Stochastic Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast. Time Frame: 1hour CURRENCY PAIR: Eur/Usd Gbp/Usd any other Indicators: RSI with Period (2) placed on RSI with Period (12) To setup rsi simply place the rsi(12) on your chart normally then drag the rsi again and place it on top of the rsi(12) and. Cyf_Double_RSI free. The Triple Timeframe RSI Strategy. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. MACD Adjustable (Different colors of MACD for + and – Zones) MACD Alert2 (In default alert disabled) MACD CCI (MetaTrader Indicators Macd and CCI in one window) MACD color. , who suggested the momentum reaching 30 (on a scale of zero to 100) was a sign of an asset being oversold—and so a buying opportunity—and a 70 percent level was a sign of an asset being overbought—and so a selling. Double CCI with RSIOMA can become a money printing machine for you if you follow the rules of the system in a smart way. It can literally double or even triple your profits on a single trade. - rafaelfvcs/Introduction-to-MetaTrader5-and-MQL5---book. Now also Binary options strategies. Conventional RSI Use 2. There are other strategies, like Bali Scalping or RSI Scalping, that bring more trading opportunities or larger profit margins. Check if RSI avg value is greater than RSI lower limit of 35. RSI (length 9, applied to the close) Entries. Simplicity is key here. RSI DOT MMS is very interesting indicator based on double rsi up and down. The most important feature of this trading system is that it is mechanical. Basically, the RSI indicator is adjusted to a 2 period setting and the signal levels are moved to 95 and 5. You need an Indicator or Signal developed, submit your request here. However, this strategy strictly trades reversals that occur in the last 50 candles. Double MACD & Stoch strategy Trading Systems. The indicator should not be confused with relative strength. The indicator writes the signals to a text file which can also be used by an Expert Advisor (EA) for auto trading. Double Stochastic Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast. mq4 correlations - OsMa to price. In case of setting rsi period to <= 1 you are going to get "simple" double stochastic (so it belongs to this thread then). I've added Double Stoch RSI with "higher time frame colour filter". Indicator:. quantitative trading with Javascript, Python, C++, Blockly, MyLanguage(麦语言) - fmzquant/strategies. Options trading strategy for MA and RSI The Binomo trading platform offers an assortment of the 5 most popular indicators. Best Currency pairs : EURUSD GBPUSD. Even in scary laryngoscopy cases, RSI is probably still optimal if the patient is high risk to vomit (has been vomiting, upper GI bleed, bowel obstruction). 3 Billion. How to install MT4 indicators >> Recommended Broker >> This Forex strategy using EMA could work very well to find the trend. If you have been looking for Bollinger band trading strategies that work, you are going to want to pay special attention. I find value in this trading tool as it highlights where price action gets interesting. Exit when Connors RSI crosses above 70 */ market not etf close > 5 average volume(21) > 1000000 set{7below,close 1 day ago *. In this post, I will build a strategy with RSI (a momentum indicator) and Bollinger Bands %b (a volatility indicator). Double Top and Double Bottom in RSI Oscillator - Financial and Forex Market Trading Signals - Neckline and Breakout Price in Relative Strength Index. by cyfer in category Oscilator at 23/02/2016. This blog and the ArtOfTrading. and World Indices, and ETF's. get trading bots contact with telegram https://bit. Double rsi indicator mt4 download. click here for that article - RSI TRENDLINE TECHNIQUE ) An Invalid RSI Trendline The RSI Trendline Forex strategy Trading Zone filter. This Forex YouTube video produced no less than 64 000 hits showing the the DIAD top up technique being used with automated RSI Envelope entry techniques. Strategies dearno //eurusd STOCH RSI SMA Lose DEFPARAM CumulateOrders = true// tradestart = time > 090000 dearno i have test it from 22-okt-2015 to 24-jan-2020. #2 is 15-3-3 and it's used on 1M chart. The indicator can not be used in the strategy tester because of its versatility. Works on any markets, futures, forex and crypto. Overview 2. Platform: Metatrader5 Currency pairs: Any pairs, indices and metals Trading Time: Around the clock Recommended broker: icmarkets, XM This is a MetaTrader 5 version of RSI of MACD double. Hold and a purely The Relative Strength Index (RSI) is a momentum indicator that attempts. Double Bollinger Bands Strategy is a mechanical trading strategy. Free Inside Bars Indicator for Metatrader (MT4/MT5)double inside bar indicator mt4|Free Download Recommendation Use MetaTrader 4 Forex trading platform Major, Minor and Exotic currency pairs(EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD) Favorite time to trade:Sydney session, Tokyo session,London session,New York session. As a general rule, when RSI crosses an upper limit it indicates a Sell signal, while if it crosses lower limit it indicates Buy signal. Prices are considered oversold when the RSI falls under 30 and overbought when RSI rises above the 70. indicators: RSI with Period (2) placed on RSI with Period (12) to setup rsi simply place the rsi(12) on your chart normally then drag the rsi again and place it on top of the rsi(12) and enter the setting of two. Oversold and What This Means for Traders More But, we must be patient before we enter our trades, because sometimes the RSI can stay overbought or oversold for quite awhile. This strategy is also simple for create a expert advisor. The volume is usually low during the second rally up and lesser during the formation of the third top. by cyfer in category Oscilator at 23/02/2016. The RSI indicator closes below 30 before rising higher and above the 30 barriers. You can use it to predict market behavior and asset values, but RSI should just be one indicator in a comprehensive trading strategy. Fortunately, there is a workaround: use GetAllDataForSymbol method from Community Components library to create indicators that are valid from bar 0, and therefore can start the trading loop. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. TRIX, which is a triple smoothed EMA, is essentially an EMA, of an EMA, of an EMA, hence the "triple". What is the RSI? The RSI stands for relative strength index. Strategies dearno //eurusd STOCH RSI SMA Lose DEFPARAM CumulateOrders = true// tradestart = time > 090000 dearno i have test it from 22-okt-2015 to 24-jan-2020. A reader asked if I could backtest a trading strategy based on the RSI(2) technical indicator. As a general rule, when RSI crosses an upper limit it indicates a Sell signal, while if it crosses lower limit it indicates Buy signal. 29-gen-2018 - Double RSI 1 min Scalping System is momentum-strategy for fast trading. The trend is determined by the moving average 200 if the price is greater than 200 ema is uptrend,f the price is less than 200 ema is downtrend. time Frame: 1hour currency pairs: EUR/USD,GBP/USD or any other volatile pair. The trades, strategies, techniques that I discuss here and at the ArtOfTrading. A Fisher histogram oscillator has also been added with the system to make it more productive with steady level of success. Changing the settings parameters can help produce a prolonged trendlinewhich helps a trader avoid a whipsaw. The Binary Option Robot Will Predict the Price Movement. Two Period RSI compares long-term and short-term RSI lines, and plots a fill between them for improved visualization. Take Profit:20 pips. RULES: *Enter Buy When Rsi(2) cross Rsi(12) from below and heading upward *Enter Sell when Rsi(2) cross Rsi(12) From above and heading downward. A better signal is when 2 or more timeframes have the same low RSI reading. We first learn how to read the rsi and then we will get to know the rsi divergence strategy and how to combine it with our previously learned concepts. The RSI is a simple momentum indicator that measures the speed and change of recent price movements to help identify overbought and oversold markets. and-Shoulders. You can use it to predict market behavior and asset values, but RSI should just be one indicator in a comprehensive trading strategy. RSI and MACD Strategy - Double Confirmation Momentum Strategy Share Tweet Share Email Whatsapp Print For traders who prefer to make use of a rather simple rule based trading strategy without the complexity, the RSI and MACD Strategy is very ideal. There are pretty good bottom finder scripts out there on TradingView, together with Gunbot you can use this to buy bottoms, sell tops. mq4 RSI DeMarker Super Position. That never happens. We wait for the RSI(2) to turn back […]. When drawing the RSI Trendline it is possible that the trendline is too steep. The formation of triple tops is rarer than that of double tops in the rising market trend. They are used to simply find a price “bounce” that occurs during the main trend. RSI is a oscillator that ranges between 0 and 100. Bollinger bands, if reached/exceeded, represent unusually large price moves and a “price extreme”, which in turn can induce a corrective “back to the mean” kind of move the other way. RSI Automated trading strategy for Ninjatrader 8 based on the Relative Strength Index indicator. Double bottom Technical & Fundamental stock screener, scan stocks based on rsi, pe, macd, breakouts, divergence, growth, book vlaue, market cap, dividend yield etc. Even in scary laryngoscopy cases, RSI is probably still optimal if the patient is high risk to vomit (has been vomiting, upper GI bleed, bowel obstruction). 1 the strategy was both simplified. This strategy is also simple for create a expert advisor. Double RSI and MACD strategy is a classic trend momentum trading system. RSI Math 3. Entry strategy. 75 and BUY HINDALCO190CE29DEC16 [email protected] Now also Binary options strategies. correlation-Adaptive_RSI_to price. Smooth - 3. Double stochastic is a forex strategy based on two stochastic indicators. The relative strength index (RSI) can suggest overbought or oversold conditions by measuring the price momentum of an asset. rsi levels set to 30 and 70. A double top would represent renewed concern of a pivot high, and potentially selling pressure in anticipation which then self-fulfills the structure. Traditionally the RSI is considered overbought when above 70. Currently I have not adapted stop loss to the script yet, only enter and exit condition based on trend. mq4 Rsi CelticHeart. Fetcher[/* Buy at 7below or lower. Overbought vs. The Relative Strength Index is a powerful trading tool with many uses. Relative Strength Index or RSI indicator is very popular technical analysis indicator all over the world. The RSI 10-6 and 90-94 Trading Strategy is a high-probability strategy designed by Larry Connors specifically for trading ETFs. TF (TimeFrame) - 15 min or larger Broker - Any that offer MetaTrader 4 platform. Our research shows that the Relative Strength Index is indeed an excellent indicator, when used correctly. look out for the MAE ferry high up to -$5249. RSI(5) dipped below 30 twice in August for the old double dip. By default, the Wilder's moving average is used in the calculation of RSI, however, you are free to select a different type of average in the input parameters. Simplicity is key here. This is a double RSI. This day trading setup uses the MACD indicator to identify the trend and the Bollinger Bands as a trade trigger. Derivative Oscillator is the difference between double smoothed RSI (Relative Strength Index) and Signal Line. Submit by Joy22 (Written by crystal. When the cumulated RSI enter in oversold territory, we expect the price to return to its mean, on the bullish trend. To have a complete knowledge about RSI, I recommend you to read all the articles carefully: RSI Support and Resistance Breakout RSI Divergence and Convergence There are three horizontal lines plotted on RSI indicator window: 30, 50, and 70 These … Continue reading The. This strategy combines the classic RSI strategy to sell when the RSI increases over 70 (or to buy when it falls below 30), with the classic Stochastic Slow strategy to sell when the Stochastic oscillator exceeds the value of 80 (and to buy when this value is below 20). MACD Adjustable (Different colors of MACD for + and – Zones) MACD Alert2 (In default alert disabled) MACD CCI (MetaTrader Indicators Macd and CCI in one window) MACD color. The indicator is expressed by orange and blue dots. If you want to trade this method on a 5-minute, you will need to double the options of all indicators: WMA (10), RSI (28), etc. When a Double Bottom pattern forms under the level 30 in RSI, and then RSI trend crosses level 30 towards the top on a spot where market price starts an uptrend, maybe by a Bullish candle, then a trader can place a Buy order. 3 stop loss. NO FINANCIAL ADVICE - The Information on 2ndSkiesForex. mq4 Dynamic double zone non lag Atr - adjusted. All you have to do is check you trades about 4 to 6 hrs or a day later and manage it. The Relative Strength Index (RSI), developed by J. Let’s look at the system details, backtesting results, and AFL code. This is the RSI 2 strategy by Larry Connors. That's why I've created this Bollinger Bands trading strategy guide to show you how useful this indicator is and what it can do for your trading. REPETITIVE STRAIN INJURY: A COMPUTER USER'S GUIDE Dr. Take Profit:20 pips. Required indicators: 1) Parabolic SAR 2) 100 EMA 3. Place the initial stop loss on the previous swing. This Forex YouTube video produced no less than 64 000 hits showing the the DIAD top up technique being used with automated RSI Envelope entry techniques. Dynamic zone ab RSI of MACD (Indicators RSI and Macd in one window) FFx_MACD (Macd from all TimeFrames) MACD 2Line. A double divergence occurs when a series of multiple higher price highs forms (or lower lows) while the indicator prints lower highs. Period D - 7. mq4 RSI smoothed - mtf & alerts & lines. 200, buy the same…please give a code to execute this strategy…. I gather that some of the book comes from previous articles posted by Mr. Resta a casa al sicuro. I use the MACD Crossover Strategy in combination with Double EMA's (10 and 21 periods), Stochastic and RSI. When Nifty 5800 CE plus 5800 PE is less than Rs. Today buy on the close if the total of today's RSI (2) plus yesterday's RSI (2) is less than 2, 5,10,15,20. Values are shifted by -50 in order to have additional cross over a such zero line. Overview 2. When it comes to trading Forex, the first step is to find a Trading Strategy and at BKForex, we have lots of them! We invite you to watch a detailed video on how Double Bollinger Bands can help you:. This simple strategy only triggers when both the RSI and the Stochastic are together in a overbought or oversold condition. It has RSI, pin bar and MACD or RSI divergence filter options which makes it possible to filter out only the strongest setups. mq4 correlations - stochastic to price. Double Top and Double Bottom in RSI Oscillator. This tells us how long the price traded within this price range. correlation-Adaptive_RSI_to price. rsi + ma crosses. It can be used on any 2 computers you wish at any one time as often as you like. It's a multi-timeframe strategy and to double confirm the signals it looks at RSI values from the daily timeframe. If you are looking at a possible downtrend, then make sure the RSI is below 50. Due to it is still in development and optimisation, I am sorry that I will not publish it. A Fisher histogram oscillator has also been added with the system to make it more productive with steady level of success. The Relative Strength Index gauges market momentum and identifies overbought and oversold conditions. Double bottom Technical & Fundamental stock screener, scan stocks based on rsi, pe, macd, breakouts, divergence, growth, book vlaue, market cap, dividend yield etc. RSI period 14, smooth 3. Let us consider the simple technique of Fibonacci extension 1. STRATEGIES USING CHART FORMATIONS Chart formations such as Double Bottom, Cup & Handle, Head & Shoulder, Double Top give powerful bullish and bearish signals. October 10. Overview 2. The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. Binary Strategies Strategy One Contact: Double EMA Channel with RSI and Stochastic The Policies are comparable the earlier, but exchange only in exchange on every day Time Frame. The 80-20 RSI Trading Strategy is used as an RSI stock strategy, RSI forex strategy, and an RSI options strategy. Check here to download a compressed Word document that includes pictures and in-depth analysis. Free Forex powerful Buy Sell Indicator: Double signal and Trend strength. MACD Strategy to Identify Tired Trends. Description. This is the RSI 2 strategy by Larry Connors. TF (TimeFrame) - 15 min or larger Broker - Any that offer MetaTrader 4 platform. And we’ll draw a trendline underneath the rising RSI. When a Double Bottom pattern forms under the level 30 in RSI, and then RSI trend crosses level 30 towards the top on a spot where market price starts an uptrend, maybe by a Bullish candle, then a trader can place a Buy order. If you’re in here to get some magic pill, there is none of course! First, let me say that RSI Is just a TOOL. Double CCI with RSIOMA is a trend following forex trading system. The RSI oscillates between zero and 100. Submitted by Crystal Double on March 9, -. Timeframe: Any Currency Pair: Any Forex Indicators: 5 SMA and RSI period settings at 5. Exit when Connors RSI crosses above 70 */ market not etf close > 5 average volume(21) > 1000000 set{7below,close 1 day ago *. Buy and Sell. You'll learn: What is the Bollinger Band indicator and how does it work; Bollinger Bands trading strategy: How to buy low and. The ADX (Average Directional Movement Index) indicator – which indicates trend strength – is also used as. I enter short when: RSI reaches 80 or more I enter short. How long the bar take to be created / painted. Break out: The EA opens a trade if the RSI levels breaks out of the oversold/overbought level. It only changes colour when higher TF is of the same colour (H1 on the picture). Learn how to trade binary option of 60 seconds strategy here. In the above AUDUSD M15 chart, price touched upper band of bollinger band and formed bearish candle, then rsi started falling from 70 level. This simple strategy will allow you to buy into the pullbacks of a security that has strong upward momentum. You will learn High Momentum Swing Trading Strategies. Download the Indicator;. A good signal occurs when the 14-day RSI is in a downtrend, crosses below 30, and then either fails to make a lower low (double bottom) or makes a higher low while price makes a new low (bullish divergence). Here is the strategy tested on XLP: Yesterday IBS must be lower than 0. RSI 80-20 Trading Strategy has a frenzy score of 79. We are dedicated to helping you build profitable trading systems with free tools, Connors 2-Period RSI Update For 2013. RULES: *Enter Buy When Rsi(2) cross Rsi(12) from below and heading upward *Enter Sell when Rsi(2) cross Rsi(12) From above and heading downward. The RSI Divergence Forex Trading Strategy is about the confluence of divergence trading and the overbought or oversold market conditions. The Second indicator we will be using is the RSI or Relative Strength Indicator. cTrader Classic RSI Trading Strategy paid. 56# Double RSI Trading System Submit by Joy22 (Written by crystal. NO FINANCIAL ADVICE - The Information on 2ndSkiesForex. Best Currency pairs : EURUSD GBPUSD. #1 is 120-3-3 Stoch. mq4 correlations - OsMa to price. Trading indicators with MT4 platform - 5 EMA (Dark Blue) + 21 EMA (Crimson) + RSI(7) + MACD (10,20,3,7). Anyone who uses a computer regularly is at risk and should know about RSI. A complete video explanation of this system is uploaded at our ‘ Build a Professional Trading System Course ‘. Currently I have not adapted stop loss to the script yet, only enter and exit condition based on trend. SYNTAX: RSI( periods = 14 ) RSIa( array, periods = 14 ) RETURNS: ARRAY : FUNCTION: Calculates the RSI indicator using periods range Second version RSIa accepts input array so it RSI can be applied to other arrays than close. October 10. The chart below shows an hourly chart for the EUR/USD currency pair with Bollinger bands and a RSI. The RSI (relative strength index) is a popular trading indicator by J. So i'm looking to buy when CCI>100 and RSI>50 and sell when CCI<100 and RSI<50. NSL – Tick and Size of Bar. Prices are considered oversold when the RSI falls under 30 and overbought when RSI rises above the 70. The Relative Strength Index (RSI) is a widely followed market timing technical indicator, although it has become less accurate in recent years. This trading system is so popular and is used by so many traders on a daily basis. When arrows printed in. it is most typically used on a 14-period timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and. Stochastic RSI = ((Today's RSI - Lowest RSI Low in %K Periods) / (Highest RSI High in %K Periods - Lowest RSI Low in %K Periods)) * 100. But before we get into the trading strategy details and examples let’s quickly recap the details of the RSI swing failure method. REPETITIVE STRAIN INJURY: A COMPUTER USER'S GUIDE Dr. contact this mail if you feel. An automated download process and 2 licences to use the RSI Envelope Trader EA. A reading above 70 is considered bullish, while a reading below 30 is an indication of bearishness. I find value in this trading tool as it highlights where price action gets interesting. mql4 (attached) for correct working. Let us consider the simple technique of Fibonacci extension 1. The Relative Strength Index (RSI), developed by J. A trader can go for 25 pips S/L as well as 25 pips T/P orders here. Dynamic zone ab RSI of MACD (Indicators RSI and Macd in one window) FFx_MACD (Macd from all TimeFrames) MACD 2Line. How long the bar take to be created / painted. I had fun with the 2-period RSI. reentering when there is a very strong trend. UPDATE In this updated version 1. Scenario 2: Just buy with TradingView alerts, let Gunbot sell. Double Top and Double Bottom in RSI Oscillator - Financial and Forex Market Trading Signals - Neckline and Breakout Price in Relative Strength Index. When three out of the four are in alignment they tend to be useful for both Short and Intermediate, and trend following. The 14 period is set by default on trading platforms. Forex Trading System X – EMA, MACD MFT, BBands and RSI based Forex Strategy This trading looks little baffling when you find so many indicators on trading chart. The average daily return while in stocks for the DB-DS strategy falls between those of the RSI strategy and the MACD strategy. Price Behavior 6. When it comes to trading Forex, the first step is to find a Trading Strategy and at BKForex, we have lots of them! We invite you to watch a detailed video on how Double Bollinger Bands can help you:. mq4 Rsi Ema Alert Ind. But the my manual review of the data shows this is a good strategy as long as you do risk management correctly. This means: If you see the RSI line break below the trendline – sell the currency pair. The Robin Hood System is based on Double stochastic strategy. Exit position with ratio 1. We need a shorter-term Exponential Moving Average (7-day EMA, white on the charts below) and a longer-term one (26-day EMA, red on the charts below). A better signal is when 2 or more timeframes have the same high RSI reading. click here for that article - RSI TRENDLINE TECHNIQUE ) An Invalid RSI Trendline The RSI Trendline Forex strategy Trading Zone filter. Figure 1 shows how this RSI entry strategy could be used in an uptrend. com is also giving away an EA called "RSI Trend Strategy", a simple strategy based around using the RSI indicator as a trading signal. 4 RSI(5) today must be lower than 50 Entry on close Exit when today’s close is higher than yesterday’s high Here is the equity curve: 2008 was […]. The S&P 500 breached 3,000 for the first time ever back in July. These four tools allows me to also use EMA Crossovers with RSI, the Double EMAs helps when pairs are consolidated. The Strategy was revised and updated on December 10, 2018. Basically, buy when the bigger trend is up and RSI(5) dips below 30. Brent oil could be in for a pullback below $74. How to use RSI with double bottom. I hope this is of use to you. This tells us how long the price traded within this price range. 618 to the price movement on the chart in conjunction with the indicator Forex Relative Strength Index — RSI (levels 30 and 70), which should first be installed on a timetable of the trading terminal MetaTrader 4. Buy and Sell. The RSI drops below 40 (horizontal yellow line on RSI) indicating a pullback. But before we get into the trading strategy details and examples let’s quickly recap the details of the RSI swing failure method. That's why I've created this Bollinger Bands trading strategy guide to show you how useful this indicator is and what it can do for your trading. It’s more of certain reads and little specifics on the indicator that I use. Signals can be generated by looking for divergences and failure swings. RSI Trend Expert Advisor OneStepRemoved. Step 1: Set Up Your Charts. Technical Analysis Tools: RSI and MACD There are a several tools and indicators used for technical analysis of stocks. Double Top and Double Bottom in RSI Oscillator - Financial and Forex Market Trading Signals - Neckline and Breakout Price in Relative Strength Index. By following this strategy, you can make profit easily. com if you don't already have charts) An Oscillator (a type of indicator that measures overbought and oversold conditions). But before we get into the trading strategy details and examples let’s quickly recap the details of the RSI swing failure method. That never happens. The RSI with Trend Manager uses two technical indicators to generate accurate buy and sell signals. Description. RSI stands for Relative Strength Index. Technical Analysis Tools: RSI and MACD There are a several tools and indicators used for technical analysis of stocks. Required indicators: 1) Parabolic SAR 2) 100 EMA 3. 618 to the price movement on the chart in conjunction with the indicator Forex Relative Strength Index — RSI (levels 30 and 70), which should first be installed on a timetable of the trading terminal MetaTrader 4. We need a shorter-term Exponential Moving Average (7-day EMA, white on the charts below) and a longer-term one (26-day EMA, red on the charts below). However, they also carry much more risk and aren’t recommended to. Modify RSI plots 06-20-2019, 06:22 AM Please, can anyone modify the attached RSI so that the zones indicated on the image can be filled in red or green and can also be used for setting conditions with the Strategy Builder of NT8. Short term trend following strategy using the Relative Strength Index but not the way that you are taught! This strategy uses the RSI on 1 hour charts to ride the existing momentum in the market. Take Profit:20 pips. The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. 15 Today IBS must be lower than 0. We exit the market when the CRSI gain overbought area above the 65. Type: Trend. RSI shows the strength of the trend and the possibility of the trend reversals as well as overbought and oversold periods. I had fun with the 2-period RSI. Trend identification is done by one of the most used forex indicator- RSI (Relative strength index), which is also used for entry timing (different settings applied). Signals can be generated by looking for divergences and failure swings. You will find it in the indicators menu for most of your charting packages out there. Double RSI forex strategy. The basic idea is that, statistically, you only want to be buying the market on dips — you really don't want to be buying breakouts. Adapted the double RSI with stochastic strategy to UKOIL. To trigger a sell, ALL of the following conditions must be met: Stochastics settings: a. This is just a demo vision and can not be used for real auto trading, so i will not publish the full script. Hello friends, i will show you the best Forex/Binary option broker that is profitable. An intraday forex trading strategy can be devised to take advantage of. I was just wondering if you could take off the 'EMA' indicator from this strategy and make a new one based solely on CCI and RSI. Double Top and Double Bottom in RSI Oscillator - Financial and Forex Market Trading Signals - Neckline and Breakout Price in Relative Strength Index. In Forex trading have many indicators and forex strategy but Double EMA Channel with RSI and Stochastic in binary give you daily chart profit if you follow his all buy or sell trad rule. If the SPY is above it's 200-day moving average and it closes at a 7-day low, buy. Recent price action curbs the risk for a double-top in EUR/USD as the Relative Strength Index (RSI) extends the bullish formation carried over from late-2017. This simple strategy will allow you to buy into the pullbacks of a security that has strong upward momentum. It is a momentum oscillator used to identify trend reversal. RSI shows the strength of the trend and the possibility of the trend reversals as well as overbought and oversold periods. It only changes colour when higher TF is of the same colour (H1 on the picture). {image} I'm using Original mt4's MACD and added 0. When three out of the four are in alignment they tend to be useful for both Short and Intermediate, and trend following. The RSI Trendline Forex strategy Trading Zone filter (Please make sure you have read the Article that explains the RSI Trendline Technique before reading this article. I hope this is of use to you. Technical analysts track historical prices and traded volumes in an attempt to identify trends. For binary trading mostly trader use short term trading with specific time period but i prefer double ema use only In market open session time. mq4 RSI DeMarker Super Position. RSI Trend Expert Advisor OneStepRemoved. Flat base (buy-and-hold). ลบออกจากสคริปส์โปรด เพิ่มเข้าไปในสคริปส์โปรด. Review – 2-Period RSI Trading Strategy. Free Inside Bars Indicator for Metatrader (MT4/MT5)double inside bar indicator mt4|Free Download Recommendation Use MetaTrader 4 Forex trading platform Major, Minor and Exotic currency pairs(EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD) Favorite time to trade:Sydney session, Tokyo session,London session,New York session. Table of Contents: Section I - Preparation and Understanding - The Key to Success! 1. 05 level on both up and down. MACD colored + mtf. Double Stochastic Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast. It can be a simple stochastic of RSI too, if one of the stochastic periods is set to >=1. The Strategy was revised and updated on December 10, 2018. This strategy uses the RSI indicator together with the Bollinger Bands to sell when the price is above the upper Bollinger Band (and to buy when this value is below the lower band). How long the bar take to be created / painted. Summary Section I Section II - Using the RSI to Trade 1. ly/2OwJK7p you can find: free signal. CC RSI Double System Indicator | Forex MT4 Download 4 of March of 2020 341 great metatrader indicator to use as assistance in the forex market, with it it is possible to have different notions due to the high range of indicators used in this trade system, combine it with other indicators or price action to obtain good result. The Euro is showing early signs of completing a double top or similar reversal pattern. Double Stochastic RSI – indicator for MetaTrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. It not only helps to increase the odds of success trading this renko trading system but also helps to filter out bad trades. Up/Down Double Top/Bottom Multi Top/Bottom Header & Shoulders, H & S Inverse RSI Gap SMA20,50,200 Change & Change from open 20-Day, 50-Day High/Low 52-Week High/Low EPS Growth Sales Growth Dividend. Due to it is still in development and optimisation, I am sorry that I will not publish it. In the above AUDUSD M15 chart, price touched upper band of bollinger band and formed bearish candle, then rsi started falling from 70 level. RSI The calculation for RSI is 100-(100/ 1+(U/D)) where U=avg upward price change and D=avg downward price change. RSI calculates strength of stock trend and helps to predict their reversals. Bollinger Bands can help you overcome this issue — and much more. This is just a demo vision and can not be used for real auto trading, so i will not publish the full script. Dual RSI Trading Strategy. The RSI is a simple momentum indicator that measures the speed and change of recent price movements to help identify overbought and oversold markets. Stochastic RSI formula. The intervening valleys may not bottom out at exactly the same level, i. I doubled the compounded annual growth rate and cut the maximum drawdown in half. Break out: The EA opens a trade if the RSI levels breaks out of the oversold/overbought level. This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). Stochastic; RSI TC NEW (21, buy level 50, sell level 50, this indicator is also used in many strategies for binary options high/low). To change the period of the RSI, double-click on the chart of the indicator from your Metatrader platform. Buy and Sell conditions are clearly defined and explained in … Related Trading ArticlesNifty 50 Intraday Strategy – RSI Crossover to Moving Average? Nifty 50 Intraday Strategy where you will see how RSI Crossover to Moving Average and giving Buy … Continue reading EMA Crossover with RSI. Cotizacion de Moneda. After 2 candles, rsi confirms buy signal. Relative Strength Index (RSI) The Relative Strength Index (RSI) is a momentum oscillator used to gauge the current overbought or oversold condition of a financial instrument on a scale of 0 to 100. I enter short when: RSI reaches 80 or more I enter short. Maite Ballestero and Maureen Palmer: To gain admission into the Research Science Institute, there is a set of general guidelines that the ideal candidate should meet. It is a momentum oscillator used to identify trend reversal. This is a linear oscillator that looks like RSI, but has its own features and advantages. Smooth - 3.