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.
Trading NOTES
- DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
- Use a demo account or a small live account first to practice this trading system
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
MetaTrader Trading Indicators
- RSI with Trend-Catcher Signal
How to install “RSI with Trend-Catcher Signal System“
- Download “TraderVersity.Com-RSIwithTrendCatcherSignalSystem” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-RSIwithTrendCatcherSignalSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Meta Trader Client.
- Select Chart and Time frame where you want to test your Forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-RSIwithTrendCatcherSignalSystem” trading system and strategy
- You will see “RSI with Trend-Catcher Signal System” is available on your Chart
BUY Rules
- RSI with Trend-Catcher Signal (line): Lime color and above level 60 line
SELL Rules
- RSI with Trend-Catcher Signal (line): Red color and below level 40 line