The RSI indicator's time-tested effectiveness. S. Ivaschenko
Books on technical analysis in Forex mainly describe the general principles of this analysis. Meanwhile, the primary tool for technical analysis currently is specialized 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 on the trading platform.
Thousands of such scripts have already been created, but a special group of them are those included in the MetaTrader trading platform.
One such script is the Relative Strength Index indicator.
The RSI indicator is a unique tool that analyzes the current market trend and determines its strength, that is, draws conclusions about the strength of the current trend.
The tool itself is quite simple to set up and use, but if you still have questions about its use, you can find answers to them in the book presented today.
Brief summary of the book:
The history of creation and the formula used to calculate the relative trend strength index, as well as the basic data for analysis.
Deciphering signals generated by RSI, what the intersection of signal lines indicates, why divergence occurs in indicator readings, and graphic figures created in the script window.
Forming a trading system based on the RSI indicator, examples of strategies that have proven successful in Forex.
Practical exercises help you put your theoretical knowledge into practice. Test the accuracy of your predictions using this tool.
The book contains a large amount of information that will be useful for those who decide to use the indicator in their trading.
Download the RSI indicator. Its effectiveness has been proven over time
The book was published under the editorship of a broker ForexClub.
