Download This FREE Self Adjusting RSI Forex Trading System Which Is Designed On Intermediate Level Algorithm!

The Self adjusting RSI indicator is an oscillator based trading indicator. The Self Adjusting RSI indicator can be used in trending market conditions as well as in sideways market conditions. This forex trading indicator is more concerned with catching the up and down swings of the market rather than riding the trend for the longer period of time.

The following are the steps that the indicator follows:

  • Self adjusting RSI indicator consists of two bands moving horizontally and an oscillator which fluctuates within the range of the two bands. The upper oscillator (red) works as a resistance, you should be selling when the blue oscillator touches it. When the blue oscillator touches the lower oscillator (green), you should be looking for buying.
  • It it great non lagging indicator for fast profits!
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While scalping, you should also be aware of the on going fundamental events. Not all fundamental events are worth watching but you can’t afford to miss the major events because they impact significantly to the scalpers. One thing is for sure, you can’t predict what will happen in those economic figures. Yes there are expected data shown in the economic calendar, but they do not forecast accurately. When the real figures come out far from the expected figures, the market will fluctuate violently.

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