Rsi forex settings

This is the third article in our RSI series. In the previous two articles, we have covered the background, the calculations involved, and how to use and read the RSI indicator.

The RSI measures the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought and oversold conditions, valuable information when setting entry and exit levels in the forex market.

Forex traders focus on the RSI key points of reference, which are highpoint and lowpoint limit crossovers. Skill in interpreting and understanding RSI signals must be developed over time.

The following trading system is for educational purposes only. Technical analysis takes previous pricing behavior and attempts to forecast future prices, but, as we have all heard before, past results are no guarantee of future performance.

That concludes our series on the RSI Indicator. For further reading please visit our Forex indicators section.

Forex Support and Resistance Finder - Automated MT4 Indicators

Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit.

#9 MACD filter RSI | Forex Strategies & Systems Revealed

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