The Composite RSI with Floating Levels trading indicator is an effective modification of the RSI capable of determining price reversal points for profitable trades.
The Composite RSI with Floating Levels trading indicator is a modification of the RSI oscillator with the addition of floating levels.
The main difference from the standard indicator is that the Composite RSI with Floating Levels does not use overbought and oversold levels. The trading signal of the indicator is the exit of the oscillator line from the floating levels, which is regarded as a trend breakout.
The Composite RSI with Floating Levels indicator implements MTF mode, 4 types of levels and 30 types of price smoothing, which provides wide possibilities for optimization.
The Composite RSI with Floating Levels trading indicator is an effective tool for timely identification of price reversals, capable of giving accurate and profitable trading signals when properly optimized.
Features of Composite RSI with Floating Levels MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In Composite-Rsi.zip file you will find:
- Composite Rsi 1.9.ex4
Download Composite RSI with Floating Levels MT4 indicator for free: