FREE DOWNLOAD “Forex RSI with Trend-Catcher Signal MT4 Trading Indicator & Template” – The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes.
If RSI is above 60, momentum is considered up and traders can look for opportunities to BUY the market. And when RSI is below 40, momentum is considered down and traders can look for opportunities to SELL the market.
- Time Frame: M15 or higher
- Currency Pairs: Any
- RSI with Trend-Catcher Signal
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- Use a demo account or a small live account first to practice this trading system
- RSI with Trend-Catcher Signal (line): Lime color and above level 60 line
- RSI with Trend-Catcher Signal (line): Red color and below level 40 line