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Description: This Expert Advisor is predicated on overbought and oversold ranges.
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It is an Expert Advisor based on the Moving Average Convergence Divergence indicator.
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RSI Cross MA
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I think the only way to see if this strategy works would be to build an EA or an indicator but if.Learn how forex traders use RSI (relative strength index) to identify overbought and oversold conditions in the forex market.For that today I share with you a RSI Scalping EA which make by RSI indicator (Relative Strength Index) and look at some tests.It is an Expert Advisor based on the Relative Strength Index indicator.
Stochastic RSI is an oscillator that varies between 0 and 1, and represents the level of the RSI indicator relative to its range over n periods.RSI EA Automated MT4 Expert Adviser RSI EA open trades when RSI indicator line crosses custom level.
Indicator Curves created: Indicators Used: Custom Indicators Used.
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Representing the newest and accurate forex trading indicator is the volume scalper indicator.
Summary: The RSI indicator is one of the most widely and commonly used indicators available.
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Market Information Used: Series array that contains close prices for each bar.There software is based on the relative strength index and they feel that using this strategy they will be.