RSI Scanner product page MT4 version here MT5 version here RSI Settings Set the RSI period, Applied price plus signal levels and also the option to get an alert for price entering and exiting the overbought/oversold zone. Signal after candle close: If true dashboard waits until the close of the current candle and then checks the signal.
Advantages of Using RSI in Forex The popularity of RSI as a forex indicator is a product of its distinct advantages as a research and evaluation tool. Top benefits of using RSI include: It utilizes a simple mathematical formula. Unlike other technical indicators, the math behind RSI is simple enough that traders could do it by