Forex Signal Extreme RSI indicator is a modification of a standard oscillator, facilitate trade in the foreign exchange market. Extreme RSI calculates the input signals on the testimony of the standard RSI indicator and displays them on the price chart as arrows corresponding color. Authors of Extreme RSI indicator claim that on timeframes over H1 signals to enter the market are fairly accurate.
Characteristics of Extreme RSI
- Platform: Metatrader4
- Currency pairs: Any currency pairs
- Trading Time: Around the clock
- Timeframe: Any (recommended H1 and higher)
- Recommended broker: Alpari
In the picture below you can see some examples for the entry into the market (input after closing the signal candle, timeframe H4):
Extreme RSI is not repainted and is very simple to analyze. But to apply it to trade should only be together with additional filters.
In the archive Extreme_RSI.rar:
- Extreme RSI.ex4
- Extreme RSI Template.tpl
Free Download Extreme RSI