The RSI indicator is time-tested efficiency. S. Ivashchenko

Books on technical analysis in Forex mainly describe the general principles of this analysis. While the main tool for technical analysis at the moment are special indicators.

It is the correct use of indicators that plays a huge role and allows you to increase the efficiency of the process.

These scripts help automate trend analysis and display its results on the chart of a currency pair or other asset available in the trading platform.

Thousands of similar scripts have already been created, but among them there is a separate cohort, these are those that are included in the metatrader trading platform.

The Relative Strength Index indicator became one of these scripts.

The RSI indicator is a unique tool; it analyzes the existing trend in the market and determines its strength, that is, it draws conclusions about how strong the existing trend is.

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Hundreds of strategies have been created based on rsi (http://time-forex.com/strategy/st-rsi) and advisors (http://time-forex.com/sovetniki/ema-wma-rsi) which only emphasizes its effectiveness.

The tool itself is quite simple to set up and use, but if you still have questions about its use, you can find the answers to them in the book presented today.

Summary of the book:

The history of creation and the formula used to calculate the relative trend strength index, the main data for analysis.

Decoding the signals given by RSI, what the intersection of signal lines indicates, why divergence occurs in the indicator readings, graphic figures created in the script window.

Formation of a trading system based on the RSI indicator, examples of strategies that have proven themselves when used on Forex.

Practical tasks that help you consolidate your theoretical knowledge in practice; check how accurate your predictions made using the tool in question are.

The book contains quite a large amount of information that will be useful for those who decide to use the indicator in their trading.

Download RSI indicator, time-tested efficiency

The book was published under the editorship of a broker ForexClub.

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