Free Download Tipu RSI Forex Indicator For Mt4
How to Use
- Uptrend/Downtrends – RSI may be used to detect trending markets. For example, the RSI may stay above the mid line 50 in an uptrend (or between 40 and 80).2You may use RSI as a compliment to the Tipu Trend indicator.
- Top and Buttoms – RSI may help in identifying the tops around the overbought readings (usually above 70), and the bottoms around the oversold area (usually below 30).
- Divergence – divergence occurs when RSI directional movement is not confirmed by the price action. For example, a bullish divergence occurs when EURUSD makes lower low but RSI makes higher low. This means that EURUSD is losing momentum and a bullish correction is possible.
- Other uses – Failure Swing, Support and Resistance levels, Chart Formation
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