the best time to go long or short. A currency pair is said to be overbought if the RSI signal is 70 or above and is said to be oversold if the RSI signal is 30 or below. Heres an example: eurusd:.02 (2.87) Keeping in mind the notation, we can easily read the example above: The currency pair is eurusd. This is a bullish signal which suggests that the currency pair is oversold. This logic is calculated for each timeframe and displayed in a dashboard that helps you find the stronger and weaker currencies across all timeframes. We just have to trade those pairs that pit strong and weak currencies against each other. MT4, fxmcsm does not use historical data like many other currency strength meters, to give you up-to-the-minute accuracy, it takes all the hard work out of looking at 28 currency charts to see which currencies are weak and strong to identify potential candidates for each. This leads us to the indicator parameters: RSI period This is the period of the RSI that you want to apply across the 28 currency pairs. The current RSI signal of eurusd.02.
MT4 expert (FX_Multi-Meter_4) Forex Indicators Guide Currency Strength Meter Download Page - Currency News Trading Hdfc Bank Ltd Chart (hdbk) - m India La gua más completa del Forex Nyse tick s and tick Strategies - Trading Articles - Traders
MT4, fxmcsm also lets you know the forex trading wedges top 3 currency pairs which have the best potential for the highest available pips and profits in each timeframe. If for example your broker has x and a period (x.) before its currency pair symbols it would look something like this: rusd,. Open_price The price when the bar opened. (Because it is greater than the overbought level of 70, it would be bright red.) The RSI of eurusd is going upwards because according to its orientation, its RSI rose (positive).87 points. It answers the question, Is it pointing up or down? LOW_price The lowest price within the lifetime of the bar.
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