RSI Indicator Forex Trading Strategy Summary
Summary of RSI indicator:
The RSI indicator is one of the most widely and commonly used forex technical indicators available. RSI indicator is a momentum oscillator with some trend following characteristics.
RSI is one of the most popular forex indicators used in forex trading technical analysis and it used to generate trading signals using crossover trading strategy.
RSI indicator plots the divergence and convergence of forex charts patterns. The RSI is constructed using chart price movements. The RSI indicator is used to determine if:
The prices are closing lower than where they opened - RSI indicator below 50 center line mark or
The prices are closing higher than where they opened - RSI indicator above 50 center line mark
RSI Indicator Trading Strategies