2 Period RSI Forex Indicator
2-Period RSI Forex Indicator, With the use of this indicator, you can quickly scan the symbols in the Market Watch window and filter out trends based on RSI.
Technical indicators are employed in the examination of financial markets, such as the relative strength index (RSI). Based on the closing prices of a recent trading session, it aims to trace the present and past strengths or weaknesses of a stock or market. Relative strength should not be confused with the indication.
The RSI is a momentum oscillator that assesses the speed and size of directional price changes. Momentum is the speed at which a price is rising or falling. Equities with more or stronger positive movements have a higher RSI than stocks with more or stronger negative changes. The RSI calculates momentum as the ratio of higher closes to lower closes.
2-Period RSI Forex Indicator In Action
I would like to share my RSI Dashboard I hope it will be of help to someone, you can get an overview of RSI Level for multiple pairs for 2 selected timeframes. With 2 output options 1.Strength or 2.RSILevel when both TFs agree on RSI Level 50> />50.
Strong: No. of Signals | Total Signals – example 3|4 the less the spread the stronger the Currency.
Weak: No. of Signals | Total Signals – example 1|4 the more the spread the weaker the Currency.
Scalping try TF1|TF2: M1|M5 / M5/M30
RSILevel: when both TFs agree.
DONT trade in a vacuum and hope its useful..
2 Period RSI Forex Indicator download link