Forex Flat Trend RSI Filter MQ4 Trading Indicator – In short, the RSI Filter fails on strong fluctuations but handles the trend good enough, but if it gets improved a bit, it could be able to give clear answers.
The Relative Strength Index – RSI is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions.
It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.