Relative Strength Index (RSI) MT4 Indicator

Best “Relative Strength Index (RSI) MQ4 Indicator” – A popular method of analyzing the RSI is to look for a divergence in which the security is making a new high, but the RSI is failing to surpass its previous high.

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This divergence is an indication of an impending reversal.

When the Relative Strength Index then turns down and falls below its most recent trough, it is said to have completed a “failure swing“.

The failure swing is considered a confirmation of the impending reversal.

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