This Indicator is build on value of comparative strength indicator and transferring average of relative strength Index.
we’ve calculated rings connected to Moving average of Relative strength Index.
Trading strategy: https://www.mql5.com/en/blogs/post/725691
Trading strategy: https://www.mql5.com/en/blogs/post/725691
- Great for novice traders as well as experienced traders.
- high-risk entries.
- Doesn’t repaints.
- No additional Indicator is required.
- Its a trading strategy .
- It is ideal for scalping trend alteration trades.
- Simple and easy to use.
- Works in both trending and non trending markets.
- Popup Alerts, Push Notification and Email alerts.
- Can be integrated in Expert Advisors.
- Great for novice traders as well as experienced traders.
- high-risk entries.
- Doesn’t repaints.
- No additional Indicator is required.
- Its a trading strategy .
- It is ideal for scalping trend alteration trades.
- Simple and easy to use.
- Works in both trending and non trending markets.
- Popup Alerts, Push Notification and Email alerts.
- Can be integrated in Expert Advisors.
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BUY CONDITION:
*last rsi value is below lower band B.
*takeprofit when rsi touches middle band.
*stoploss when rsi touches lower band C.
SELL CONDITION:
*last rsi value is above upper band B.
*takeprofit when rsi touches middle band.
*stoploss when rsi touches upper band C.
*Alerts pop up when rsi reaches any of the bands with pip sensitivity parameter.
*Non Repaint Indicator.
*We can find dynamic trend reversals of rsi.
*We can predict next candle close.
*We can predict bullish/bearish divergence.
*All external parameters are given for customization of users. i.e)check screenshot for details.
*Dynamic Oversold and OverBought region.
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