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EasyTakeProfit Expert Advisor - a tool for setting goals

EasyTakeProfit Expert Advisor - a tool for setting goals

September 29, 2022

There is an opinion that finding an exit point is much more difficult than an entry point. It i

CandleCountdown - candle closing time indicator

CandleCountdown - candle closing time indicator

September 26, 2022

Technical indicators are divided into main and auxiliary. Auxiliary indicators are information

Why trading patterns don't work

Why trading patterns don't work

September 26, 2022

Pattern trading theory suggests that candlestick formations have a psychological basis. For exa

‚ÄúThe battles between bulls and bears proceed to affect worth habits lengthy after they finish. Traces of those battles can be utilized in technical evaluation to handle dangers and seek for buying and selling alternatives. Use the ‚Äúdevelopment mirror‚ÄĚ to check the areas of volatility and the influence of the earlier worth motion on the present development when the value reverses and crosses these ranges.‚ÄĚ ‚Äď Investopedia.com

‚ÄúThe battles between bulls and bears proceed to affect worth habits lengthy after they finish. Traces of those battles can be utilized in technical evaluation to handle dangers and seek for buying and selling alternatives. Use the ‚Äúdevelopment mirror‚ÄĚ to check the areas of volatility and the influence of the earlier worth motion on the present development when the value reverses and crosses these ranges.‚ÄĚ ‚Äď Investopedia.com

RSI Mirrors and Reflections is a dependable indicator that makes use of a number of intervals of RSI, mirrors and reflections based mostly on RSI values to point the energy of worth actions and reversals. Three upward and three downward RSI reflections are calculated: the separation and divergence of the RSI reflections point out the anticipated robust/weak worth motion (see screenshots). The intersection of long-term and short-term RSI strains serves as a affirmation of the development. Mirrors (strains) above and beneath the indicator can be utilized together with reflections (coloured bars) to trace the energy/weak spot of the value motion.

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As proven within the screenshots beneath, RSI Mirrors and Reflections can be utilized to seek for robust worth actions, observe the development and keep away from untimely exit from the market, which may happen when utilizing solely candlesticks or much less purposeful indicators. The indicator can be utilized each individually and as an addition to buying and selling methods on any timeframes and devices. It goes effectively with the MACD and transferring averages.

  • RSI Interval 1 (default is 14): short-term RSI calculation interval
  • RSI Interval 2 (default 50): Lengthy-term RSI calculation interval
  • Plot RSI Reflection Traces (default true): Draw development strains by means of shaded reflection bars for higher visibility
  • Plot RSI Mirror Traces (default true): draw mirror values of RSI
  • Reflection bar width (default 4): regulate the width of all reflection bars on the identical time

For higher rendering, the RSI values oscillate between -50 and 50, not 0 and 100.

For higher rendering, the RSI values oscillate between -50 and 50, not 0 and 100.

Key Features of Algorithmic Trading Software

07 September 2016

1.3

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steedchitra August 10, 2022 7:53 am
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I love this indicator. It’s so awesome.

3316589p August 10, 2022 7:53 am
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Great Indicator, Highly recommended for RSI users.

sammyuht August 10, 2022 7:53 am
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Very good indicator, recommended.

Martin R√°c August 10, 2022 7:53 am
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The best RSI indicator, very professional…

Natasha Diedericks August 10, 2022 7:53 am
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Thanks

Roberto Cesar Ruarte Pedraza August 10, 2022 7:52 am
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Excellent! Helps a lot in exits and trend recognition.

shams201 August 10, 2022 7:52 am
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nice work

hkarram August 10, 2022 7:52 am
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outstanding indicator …… works very well with certain pairs and and time frames ….. 5 stars ūüôā

Aravind Kolanupaka August 10, 2022 7:52 am
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this one is indispensable.

alden24 August 10, 2022 7:52 am
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Enjoyed trade with this art..thx

SamitR August 10, 2022 7:52 am
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hello I have just purchased this but when I click on the install button, nothing happens

there is no downloading of the indicator

please help

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