RSI settings for day trading
Many use the RSI Forex indicator for forex day trading, the default settings for this trend indicator is the period 14th The Indicator RSI shows a level 30 below the oversold level at and above the 70 overbought.
I have my RSI indicator slightly modified in order to achieve the day trading Forex market better results. I've decided for the M30 chart:
My RSI settings for the M30 chart:
Period: 6
Level 1: 15
Level 2: 85
The advanced levels are used to ensure that the indicator signals are clear and should show extreme situations on the market. At each crossing over the line I use from my trades, of course, also plays a role in money management.
What settings do you use RSI indicator settings for day trading and are most successful for you?
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Many use the RSI Forex indicator for forex day trading, the default settings for this trend indicator is the period 14th The Indicator RSI shows a level 30 below the oversold level at and above the 70 overbought.
I have my RSI indicator slightly modified in order to achieve the day trading Forex market better results. I've decided for the M30 chart:
My RSI settings for the M30 chart:
Period: 6
Level 1: 15
Level 2: 85
The advanced levels are used to ensure that the indicator signals are clear and should show extreme situations on the market. At each crossing over the line I use from my trades, of course, also plays a role in money management.
What settings do you use RSI indicator settings for day trading and are most successful for you?
other posts
- Free Stochastic Indicators
- Tf 1 Hour Forex
- Elliott Waves Zigzag Indicator
- Indicator Balance Forex
- Trading 3Rd Bar After Fractal
Forex is simple follow the trend and you will rich.
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