I am working on what could be a profitable trading system. I have a couple of issues however with the RSI recalculating. Perhaps there is a way to improve this system so that the signals are more reliable.
Chart set up:
Moving Average on the RSI (first indicator's data) of 21...
The formula for FX RSI indicator takes two equations that are involved in solving the formula. The first component equation obtains the initial Relative Strength (RS) value, which is the ratio of the average UP closes to the average DOWN closes over 'N' periods represented by the following...
The primary trend of EURJPY is bullish on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to show bearish movement. Its 30 and 200 DMA are also providing...
Originally we made a trendline-tracer script to ourselves 1 year ago. It's been introduced in a youtube video and several forums. We've experienced wide interest, so we decided to create a customizable indicator.
For more information please visit the website: