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The Relative Strength Index (RSI) is one of the most important and well-known indicators used by traders worldwide. By its nature, the RSI indicator is an oscillator, meaning it oscillates within a specific range, limited by a maximum value of 100 and a minimum value of 0.
This indicator reflects the "momentum" - the speed and magnitude at which the price movement changes; how strongly the price changes in the direction of its movement. In other words, the RSI indicator shows the strength of
The indicator based on the trading channel in the MT5 trading terminal is a tool that automatically builds a channel formed by the peaks of the price chart in an upward and downward sequence. This indicator helps traders identify support and resistance levels, market trends, as well as set stop-loss and take-profit levels for optimal trade management. This version of the indicator is equipped with a basic trading logic, which can be disabled in the settings and used as an indicator for your tra
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