Golden Scalping RSI
- Indicators
- Suleiman Alhawamdah
- Version: 2.20
- Updated: 23 October 2024
- Activations: 10
indicator works in conjunction with the second new indicator "RSI Scalping Accumulation"https://www.mql5.com/en/market/product/124406?, which is a very powerful and innovative indicator to show RSI oscillations and accumulation areas and potential support and resistance areas
indicator doesn't require much explanation. It is based on complex calculations from the RSI (Relative Strength Index) and integrates several moving averages. Watch its performance closely and combine it with your other indicators or trading strategies. It’s recommended to observe it during sideways trend zones and support/resistance levels. It will be highly beneficial for short-term and long-term trades by tracking price movements and colored clouds.
Watch for the RSI breaking through the clouds and their colors. Pay close attention to the type of candlesticks that may form above or below the clouds. Look out for reversal and engulfing candlesticks, which could be beneficial and are visible on the RSI since i've replaced its line with candlestick shapes for better analysis.
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I wish you success in your trading