A simple to utilize foreign exchange trading indicator established on RSI positive filter. The indicator demonstrates in a sub window beneath the major MetaTrader 4 exchanging chart. Feel free to give a try with the RSI period figures. I recommend utilizing figures on top of twenty five. This decreases the value of false signals. You can utilize the RSI Filter with an over purchased or over auctioned oscillator (for instance the Stochastic oscillator) for more precise exit and entry signals.
For purchase signal: Pause for the RSI filter to change orange in color from blue.
For auction signal: Pause for the RSI filter to change blue in color from orange.
- This forex indicator can be utilized in any endorsed currency pairs.
- Applicable on any recommended time frames.
- It can deploy in any endorsed trading sessions.
- Colors and RSI time frame are the configurable options for this forex indicator.
Utilize this forex Indicator at your own risk. WindsorForex.com cannot be responsible for any losses associated with utilizing any forex indicator presented on the site. It’s not recommended to utilize this indicator on the real account without testing it on demo first.