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RSI Average Digit

This Relative Strength Index version using four different Period.

Calculate on Timeframe M1, M5, M15, M30, H1, H4 and D1.

Each using median price for valid average calculation.


How to use this indicator, as follows;

1.  This indicator design for FOLLOW THE TREND, not using for Overbought or Oversold, but if you want to use it as Reversal trades, is up to you.

2.  You can see on pictures attachment, it produce three type of signal, LONG, SHORT and SIDEWAYS.

3. Recommended for trading, Open trades only base RSI Average Signal, if LONG do LONG, if SHORT do SHORT.

4. If SIDEWAYS, NO TRADES.


In the parameter setting you can change your desire Period (default on RSI 5, RSI 10, RSI 20, RSI 50).

And you can change your desire Overbought and Oversold level.


Happy Follow the Trend 

Regards.

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CURRENTLY 26% OFF Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual: click here That's the first one, the original! Don't buy a worthle
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Fibonacci Level start form price Open as zero number. then do Fibonacci line offset on above and to below, base last Day High Low Fibonacci Percentage. With ADR Label for measure maximum and minimum pips running limit. Using ADR 5 days, ADR 10 Days, ADR 20 Days and ADR 50 Days. On current running price, there plot two line boundaries, are current High line and current Low line, with percentage running pips. Please see attachment pictures for more information. Regards
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Version 2.0 2020.12.27
add parameter for user can choose freely Period and price
add color parameter