the RSI shows that the e/u will be down
Need small modification on my RSI cross/touch RSI alert 0 replies
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RSI cross indicator when rsi=50 19 replies
RSI (Fast) above/below RSI (Slow) displayed as a Histogram 5 replies
DislikedThank you kareem bhai..
The trendlines in the chart is done by an indicator, attached herewith.
The trendlines in RSI is manually drawn...
I use RSI 14, but after reading this thread, I also attached a 21 RSI and I tryto draw same line on both RSI's....
I also try to match the RSI trendline with chart trendlines...
I also used CCI, but I feel RSI is good...
Indicator note: disable drawing semafor and your chart will be neat..Ignored
DislikedGBPUSD
It did not breaked 6593 level and went down.. At that time I was buying with another setup I felt is good, and I closed with 10 pips profit...
Then I got disconnection and when internet came back I can see this setup..
I sold on 6500, and now running on loss...
Possible targets see trendlines, 6400 (violet line) and 6300 (red line)..
Take care....Ignored
DislikedDoes anyone here know how to right a simple expert advisor program? my parameters are simple.
When RSI(5) hits level of 20 I want to put in a buy order for 1 lot and an alarm go off.
I want it to sell the lot when 10 pips are reached.
If the price drops below 20 pips from where the buy was at I want to have the program sell the lot.
The question I would have, is if multiple candlesticks closed below the RSI (5) 20 level consectively would the program buy a lot on each candle (I definitely would not want that to happen)?
I would...Ignored
DislikedOh, just seen I did not given update of this trade...
It beautifully went down of 6400, then returned... it was 100 pips trade.. I got out on 40 pips something for some reason...
See the attached picture where price touched and played... (see the green signs)...Ignored
DislikedWe are a bit over sold for now. My guess is we will hit the line and continue going down
KareemIgnored