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RSI Currency Strength Correlation by Lukas
Hello guys.
This is RSI Currency Strength with less noise, combine with my Price CSI to get the best result.
How it works :
This Indicator (on bottom) will tell you RSI information, and my other indicator I mentioned above (on the middle) will tell you price movement.
Sometimes when RSI up doesn't mean Price will go up, that's why divergence happen.
So trading only with RSI will trigger many false signal. Combine both of indicator will help you make better decision.
Buy :
- RSI rising up and price rising up
- If price already strong, wait for the RSI on strong currency pullback and rebound.
Sell :
- RSI going down and price going down
- don't sell when RSI going down but the price is not going down
I use one hour chart, usually can get 3-5 hours trade
Setting :
- Timeframe : you can play around with, your timeframe x 2
- MA length : I use 21,5,8
This is RSI Currency Strength with less noise, combine with my Price CSI to get the best result.
How it works :
This Indicator (on bottom) will tell you RSI information, and my other indicator I mentioned above (on the middle) will tell you price movement.
Sometimes when RSI up doesn't mean Price will go up, that's why divergence happen.
So trading only with RSI will trigger many false signal. Combine both of indicator will help you make better decision.
Buy :
- RSI rising up and price rising up
- If price already strong, wait for the RSI on strong currency pullback and rebound.
Sell :
- RSI going down and price going down
- don't sell when RSI going down but the price is not going down
I use one hour chart, usually can get 3-5 hours trade
Setting :
- Timeframe : you can play around with, your timeframe x 2
- MA length : I use 21,5,8
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.