520# RSI signal buy/sell Trading System
RSI signal Indicator
Submit by FXTrader 08/12/2013
Rsi signal buy/Sell trading system is based on the RSI signal indicator that generates
signals when Relative Strength Index crosses the overbought and oversold levels, and plots the signals with the arrows on the forex chart.
Setup for H1 Time Frame
Currency pairs:any.
RSI signal Indicator ( overbought level 90, oversold level 10);
Repulse Indicator: (level for buy -0.20- level for sell 0.20);
Daily Range indicator;
Bar Timer.
Rules for RSI signal buy/sell Trading System
Long Entry
Buy arrow on the main chart if the histogram of the repulse indicator is below of – 0.20 level long entry at the openig of the next bar.
Short Entry
Sell arrow on the main chart if the histogram of the repulse indicator is above of 0.20 level shoet entry at the openig of the next bar.
Entry only on the first arrow that appears.
Exit position
Profit Target 20-30 pips
Stop loss 25-30 pips.
Example: EUR/USD Profit Target 30 pips Stop loss 30 pips;
GBP/USD Profit Target 30 pips Stop loss 30 pips;
AUD/USD Profit Target 30 pips Stop loss 30 pips;
USD/CHF Profit Target 25 pips Stop loss 25 pips.,
RSI Signal Buy/Sell
wayne (Monday, 13 August 2018 18:54)
Can you please send me more information about this indicator
520# RSI signal buy/sell Trading System
wayne (Monday, 13 August 2018 15:53)
Hi Can you send me this indicatorplease
520# RSI signal buy/sell Trading System