High accuracy “RSI OverBought OverSold Trading” – In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator.
Since some assets are more volatile and move quicker than others, 80 and 20 are also frequently used overbought and oversold levels.
But in this 5RSI we use 75 as overbought level and 35 as oversold level.
MetaTrader Trading Indicators
- RSI
- Fisher Yur4ik
- Brain Trend indicators
- LSMA in color
BUY Rules
- RSI:
- Upward from oversold area
- Above level 55 line
- Fisher Yur4ik: Lime histogram
- Brain Trend indicators: Bullish
- LSMA in color: Green line
SELL Rules
- RSI:
- Downward from overbought area
- Below level 45 line
- Fisher Yur4ik: red histogram
- Brain Trend indicators: Bearish
- LSMA in color: Red line
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