The Benefits of Using RSI in Forex
Jun 24, 2022 at 00:34
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Mitglied seit May 29, 2022
39 Posts
Jun 24, 2022 at 00:34
It utilises a simple mathematical formula. Unlike other technical indicators, the arithmetic behind RSI is simple enough that traders may compute it by hand if necessary. Although a live chart that visually monitors RSI is normally preferred, traders may take confidence in knowing exactly what these ideas are founded on.
It enables basic chart analysis. Because the overbought and oversold levels of the RSI are clearly defined, the indicator is easy enough for even beginner traders to use while being precise and insightful enough for expert traders to rely on.
It enables basic chart analysis. Because the overbought and oversold levels of the RSI are clearly defined, the indicator is easy enough for even beginner traders to use while being precise and insightful enough for expert traders to rely on.
Jun 24, 2022 at 01:01
RSI included a simple indicator to use and easy, here we can combine trading strategy using RSI and another trading tool like Moving average or Bollinger band as trend following indicator, RSI level can be used as filter analysis to determine overbought and oversold zone level as a possibility become zone reversal, but how to make accurate overbought and oversold as reversal need attention to candlestick pattern too.
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