Dynamic RSI Pointer MT5
Dynamic RSI Pointer
designed Pointer Productions
Pledge of effective work in the market - this is the best combination of competent
tools and knowledge. Experienced traders not only to determine the trend, but also
see what business opportunities it opens up.
Dynamic RSI Pointer
Dynamic RSI Pointer indicator works on the current trend and its
basis, and based on previous trends, predicts the future.
The product is mainly based on the indicator RSI. However, RSI
limited static levels perekuplennosti / oversold
set by the user, which makes it ineffective on such
dynamic market like Forex. Depending on the current trend
(Ascending, descending, side) we have to use different levels
overbought / oversold.
This is the main difference Dynamic RSI Pointer, as it:
- adjusts and sets the dynamic levels perekuplennosti / pereprodannosti to increase yield.
- It locates and assesses the latest trends to accurately predict the future and install the appropriate levels.
Work principles:
Dynamic RSI Pointer is easy to use, as is similar to the RSI.
However, in contrast to the static level of the RSI indicator, Dynamic LED
RSI Pointer offers dynamic levels. With this indicator, you can
use any strategy for the RSI, for example:- Entering the market as the main line leaves the overbought / oversold
- Search divergence in the overbought / oversold levels
- RSI combination with other signals trend reversal.
However, in contrast to the RSI, overbought / oversold dynamically adapt to the current trend.
Analysis perekuplennosti dynamic levels / pereprodannosti
It provides important information. If the levels are changing rapidly, therefore,
high volatility of the currency pair.
You can use this time to trade with the trend, or wait it out and enter the market when a reversal signal.
settings
necessary to determine the setting for the first run:
- RSI Period - the number of periods for the calculation of the main line.
- LEVELS Period - the number of periods to calculate the overbought / oversold.
- LEVELS Size - define how restrictive should be overbought / oversold.
- The lower the value, the more restrictive is the level.
If the value is less than 5 indicator will signal only a very
strong overbought / oversold. - The higher the value, the levels are less restrictive.
- Values must be set between 0 and 50.
Version of MetaTrader 4: https://www.mql5.com/ru/market/product/7716
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