Extreme reversal indicator. The indicator is calculated as follows: 1.

It helps us know the key lev Reversal Sniper is designed to find the extreme reversals of the price. 3 RSI Adaptive EMAs MTF Indicator. A red bar represents and extreme level to look for sell trades. 618, and 0. Trend reversal strategies and indicators. The XMR indicator specializes in scanning previous price action in order to signal potential overbought or oversold conditions in a market. There is a proper reason behind using these two moving averages because a fast-moving average will give many false signals. The Symphonie Extreme forex signals indicator detects and displays extreme price reversal levels on the MT4 chart. From the top menu, click on “File”. The basic setup occurs when an extremely large candle forms that is about twice the size of the average. EDRI EXTREME POINTS BUY & SELL INDICATOR This Buy and Sell (non-repainting) indicator uses signals based on the combined CCI/Momentum and RSI indicators and optional regular divergence. We are looking to trade the snapback reversal with this setup. Dec 30, 2023 · Spotting Trend Reversals With MACD. Nov 21, 2022 · The mt4 trend reversal forex indicator is made up of two moving averages. NON REPAINT INDICATOR MT4. These lines indicate where support and resistance are likely to occur, and buy now. One of the best trend indicators is the Moving Average; it is the base for almost all other trend indicators. 382, 0. Aug 3, 2017 · This indicator has been created for finding the probable reversal points of the symbol price. Here’s a step-by-step guide: Choose Your Timeframe: Select the timeframe that aligns with your trading strategy. This MT4 trend reversal indicator is a non-repainting indicator that looks to capture new trend reversals. Mar 17, 2024 · Reversal Sniper is designed to find the extreme reversals of the price. After the price breaks the Pivot 2 level of the 1-2-3 pattern, it forms a new high. ex4 or Trend Reversal. The Engulfing candlestick is considered to be a reliable pattern for reversal trading. It's important to note that this indicator may produce multiple signals, making it essential to corroborate these signals with other forms of Jul 19, 2023 · The Best Setup for Trading Reversals - Xtreme Trend IndicatorDiscover a powerful trading strategy using the Xtreme trend indicator in this video. Jul 14, 2019 · The Symbolik Sequential indicator aims to identify potential trend exhaustion points and trend reversals in the market. That is the reason why dedicated experts opt for the trend reversal indicator not to follow the trend direction but to measure probabilities of price and market reversals at a specific spot. The DMI Reversal Alerts is a technical indicator based on crossovers of DMI Stochastic Extreme's Stoch plot with its simple moving average (SMA). Top-Trading-Indicators. mq4 indicator in the Indicators folder. Thanks! - Michael The Extreme Spike Indicator is, as the name suggests, a forex trading tool that recognizes spikes in the market. Reversal Bar Indicator. 7 are considered overbought territory. For a Sell order, place your Stop Loss above the Higher High, and for a Buy order, below the Lower Low. Indicator works on all timeframes and all Key Reversal Indicator. The trend reversal MT4 indicator comes with a clear set of instructions and also has built-in alerts. 78% versus a loss of -2. Categories: Trend, MT4, Signal. This is a brand new version of my Peak Reversal indicator. The indicator works by finding the highest and lowest points over the user selected lookback period. Load the tlp-file by right click. Stop Reversal Bluestops. It has red and sky blue colors for this indicator, which signals the possibility of a retracement in an in an upward or downward direction. NOTE: REVERSAL SNIPER Indicator is made for Cycle Sniper Users as an additional tool. Advanced ADX Indicator – (Bonus for NY2024) All of the indicators discussed are suitable to MT4/5. It is mostly effective on higher time frames such as the 15m and 30m and of course the 1H and 4H. , the RSI is one of the most popular and versatile technical indicators. Trend Reversal Indicator. Activations: 7. Oct 18, 2022 · Updated Outside Reversal set up to show signal only if the candle body ratio is above 40% and The IInd candle of the Extreme reversal is also deflated to min 40% body to candle ratio to improve the accuracy of the signals. Download Size: 5. You can gain access to this folder by clicking the top menu options, which goes as follows: Many technical indicators, including moving averages and momentum oscillators, suggested a potential bullish reversal after a period of decline. There is a high degree that the market will reverse from here. The chart example below of EOG Resources, Inc (EOG: NYSE) recently had a strong reversal candle and indicator confirmation pattern. What It Signals. Download Category: Free Indicators. This is a fox strategy with an higher profitability. It is recommended to use a timeframe from m15 to h4. The second is responsible for determining the extremum and gives signals to buy or sell. The Purple Extreme indicator looks for the extreme market situations described above in the form of a strongly "oversold" or, conversely, a strongly "overbought" market. In this new version I focused on improving on the old concept, but introduced a bunch of features heavily inspired Apr 24, 2024 · A 12-Year Parabolic SAR Indicator Test. Identify Reversal Signals: Watch for reversal signals indicated by the indicator, such as divergence or Sep 26, 2020 · Activations: 10. Feb 1, 2016 · The combination of reversal candle patterns with reversal indicator patterns as confirmation, provides the optimal reversal analysis. But here in our company everything is different, we think of you in every detail, follow the efficiency of our indicator, dedicated to beginners in Forex and Binary Options, but also professionals. Jun 17, 2024 · The other indications mentioned above are derivatives of the moving average. Extreme Value Sniper is a detrended price indicator Indicator finds the potential reversal levels by checking value ranges and price cycles. com© 2024. 8 illustrates bullish and bearish extreme reversal examples. The Reversal Confirmation Indicator is based on price action and looks to provide opportunities when price gets stretched. These can be opened in the NinjaScript Editor. Jun 3, 2024 · By mastering these techniques, you will be well-equipped to capitalize on trend reversals and improve your overall trading performance. This indicator consists of two parts. Finally restart the MT4 platform and attach the indicator to any Mar 31, 2024 · The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Step #1 Identify the reversal Bulge. This indicator is efficient on greater time frames such because the 15m and 30m and naturally the 1H and 4H. Apr 21, 2024 · The reversal indicator technique is for buying and selling with binary choices excessive/low and swing buying and selling. This system is suitable for all instruments. CONCEPT. Time frame 15 min or higher. 5 Star (100%) = Excellente! Reversal zones x2 free: The indicator looks for buying and selling zones, where a deal can be opened with a minimal stop loss and a better Risk Reward Ratio. Jul 26, 2019 · Jul 26, 2019. As the name implies, the Extreme Forex Trend Reversal Signal MT4 indicator finds extreme points in the prevailing trend. Then double click with your mouse button on “MQL4”. Those who acted solely based on these indicators found themselves caught in a trap. It’s composed of red and blue bars that appear in a separate MT4 window. 81%. Oct 18, 2022 · This indicator consists of different candlestick patterns and reversal system, as explained by Franklin Ochoa in his book. The Reversal Bar indicator for MetaTrader is an indicator for forex that depicts the price reversal bar to indicate the highs and lows of the trend. 3 are considered oversold territory. The trading signals are in the form of yellow dots coated in red and blue rings. There were 168 trades with an average win of 5. 06. * Bearish signal: The current 8-period RSI is above 50 and below 65 while the previous 5 RSI's are above 65. Dec 26, 2019 · The extreme reversal strategy covered in the PivotBoss text. The idea of the indicator is to look for a potential reversal after the price reached extreme points (overbought or oversold) and signals an Installation: Open the Metatrader 4 platform. 3 Star (60%) = Acceptable. Setup: A bullish setup occurs when there are 9 consecutive closes lower than the close 4 bars earlier. Markets: Currency pairs, Index and Commodities. The moving average convergence divergence (MACD) is a technical indicator used in investing. Feb 26, 2024 · First introduced by J. Reversal Sniper is designed to find the extreme reversals of the price. 01 Jul 31, 2023 · The Extreme Reversal Signal is designed to signal potential pivot points when the price of an asset becomes extremely overbought or oversold. The indicator is displayed in a separate Dec 24, 2021 · Ross Hook pattern to buy. Jun 14, 2018 · 2 Star (40%) = Undecided. Now double click on “Indicators”. TOP-Rated Indicators for MetaTrader. The indicator itself is very easy to understand and use. However, the stock continued its downward trend for several more weeks before showing any sign of recovery. 236, 0. The first draws lines on the chart indicating low volatility in relative daily market activity. However, many forex traders tend to wait for the oscillator line to cross the Zero line as a confirmation of trend reversal. Our testing of Goldman Sach (Ticker: GS) over 12 years shows a PSAR strategy with settings 0. Note that in the "Ichimoku" indicator, the backline is the T. Jun 19, 2024 · Trend reversal is the turning point that you can use for trading. Mainly used as a contrarian indicator where extreme values signal a reaction that can be exploited. The indicator works on all time frames so if you intend to use it on the 5 minute chart you should confirm your signals on a higher time frame such as the 15 Mar 26, 2024 · Identifying Reversal Zones. rar archive at the bottom of this post, unpack it, then copy and paste the Trend Reversal. It is one of the most reliable price trend reversal indicators. Sell If oscillators turn at an extreme, many use this for a trend change, but as trends can stay long, a break of bands may be a better signal. mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. 📩 Drop us a message. These indicators often provide visual signals on price charts, enabling a trader to make informed decisions. Apr 13, 2023 · Introducing the "Extreme Exhaustion Levels": A powerful tool for traders looking to identify market exhaustion and potential trend reversals. Fibonacci Retracement: This tool identifies areas of support or resistance where reversals might occur. It is used to identify all the changes in the DMI Stochastic. When a rubber band is stretched to its limits and then released, it snaps back in the direction from whence it came. Vote Up +5Vote Down -1You already voted! MT5 Indicator. 4 Star (80%) = Good. Recommended Brokers for Mean Reversion Indicator. Love in every #TradingView. Feb 9, 2024 · Relative Strength Index (RSI): Values above 70 or below 30 suggest overbought or oversold conditions, potentially foreshadowing a reversal. Mar 29, 2021 · Here is a screenshot of a basic scanning of the indicator. According to Barbara Star's article "The DMI Stochastic", these crossovers might be too frequent to be used for initiating trades, however, the author suggests considering them as a Mar 8, 2021 · in Free Forex Indicators For The Metatrader 4 (MT4) Platform. The up arrow will act as support while the down arrow acts as resistance. The yellow dot in the red Jul 9, 2019 · Jul 9, 2019. Fluctuations of this indicator signals possible price reversal points. It finds the candles with extreme volatility and marks the candles with high probability for a reversal of the trend. When the price touches or broken a lower band wait the first green bar and buy at the open of the next bar. The fast-moving average reacts faster to market changes, while the slow-moving average (MA) reacts slower to the market’s reactions. DOWNLOAD NOW ⏬. Apr 3, 2023 · 4. The list below are of the most powerful reversal signal indicators on our site: Chaos Visual Averages indicator (old version) Laguerre PPO indicator. Calculate the price differential (returns) as the current price minus the Nov 4, 2022 · Extreme Trend Reversal Points Indicator in tradingview is among the best trading indicators in tradingview non-repaint Indicator. Feb 13, 2024 · Understanding Reversal Indicators. Rate this Indicator from 1 to 5. This indicator uses the Bollinger Bands to mark the candles with high selling/buying pressure. You can see results behind the scanner section. It is engineered to identify potential trend reversals in financial markets. Remove from favorite indicators Add to favorite indicators. DEM = SMA (DeMMAX) [SMA (DeMMAX) + SMA (DeMMIN)] The equation yields values bounded between 0 and 1. For instance, a bullish key reversal coinciding with an RSI reading below 30 could suggest a strong buy signal. As with the older version, the idea behind this indicator is simple: identify potential price reversal areas, and identifying markets which are trending. #1. Indicator works on all timeframes and all Jul 12, 2024 · Bullish reversal chart patterns: These indicate potential bottoms and upside bounces (examples include the hammer, piercing pattern, bullish engulfing bar and morning/evening Doji stars. Slope direction 10 Trading Rules Reversal Extreme Buy. Premium Trend Reversal Indicator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. A small candlestick reversal pattern is used it its operation in conjunction with a filter of extremums. 4-in-1 MACD BB CCI Indicator. 91% Highly Accurate Buy/Sell SignalIn this video we’ll walk you through Are you tired of Dec 21, 2023 · Run Median Indicator. Jul 4, 2023 · spudow Jul 4, 2023. Traders draw Fibonacci retracement levels by identifying the high and low points of a significant price movement. We have covered many more potential trend reversal trading Jun 9, 2023 · 1. A blue bar represents an extreme level to look for buy trades. OBV (On-Balance Volume) Indicator. Francis. Before we jump into what's new, I just want to clarify that the new version will continue to repaint. ***Indicator does NOT repaint so it provides accurate NO REPAINT REVERSAL SIGNALS***. 03. Mar 17, 2024 · Indicators. Reversal indicators are tools used by traders to predict potential shifts in market momentum. Bands 50 deviations 2 apply to close. Then click on “Open Data Folder”. Indicator collects data of Cycle Sniper Indicator. Best Non-Repainting Systems for MT4 and MT5. According to Traders Union’s experts the 9 trend reversal signals that every trader should learn are: Head and Shoulders chart pattern. tlp in templates. Great Stop Reversal Indicator with Instant Download in MT5 Reversal Indicators, MT5 SR (Support and Resistance) Indicators with Open Source Forex indicators: reversal indicator V. Sep 19, 2023 · An RSI above 70 suggests overbought conditions and a potential trend reversal. The mass index reversal bulge was already revealed at the beginning of this trend reversal guide. Trend reversal indicators are the technical tools that you can use to identify the change in the current trend. Oct 14, 2018 · The extreme reversal setup is a classic "rubber band" trade. Download the Trend Reversal. indicator, created and published open source by Lux Algo, which I thank for the script. Aug 23, 2023 · Using the Forex Reversal MT4 Indicator effectively requires a combination of technical analysis and market intuition. Also, they are free to download and use. Jun 13, 2024 · This indicator can help you identify points of potential reversal in the market and can help you make better trades. An excellent trend reversal detector for effortless identification of ideal trade entry points. In addition to the MACD and RSI, there are many other indicators that traders can use to identify trend reversals. Download Size: 20. K's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. Favourite free MT4 and MT5 indicators all in one place for more successful trading. Elmira Memish. The shooting star, hanging man, bearish engulfing, and evening/morning star Dec 14, 2021 · New NinjaScript Wizards can help to show you the framework of an indicator as it can add plots, additional data, and inputs. Bands 50 deviations 3 apply to close. It consists of two main components: Setup and Countdown. The basic setup occurs when an extremely large candle forms that is about twice the size of the average Feb 22, 2024 · A key reversal indicator that appears when an oscillator is in an extreme territory can signify a potential reversal. An RSI below 30 indicates oversold conditions, potentially signaling a trend reversal to the upside. A tabulated summary of reversal indicators: Indicator. Wick Reversal System; Extreme Reversal System; Outside Reversal System; Doji Reversal System; I included the ability to turn off any of the reversal signals above within the indicator's setting. PURCHASE ANY 3 INDICATORS FROM THIS WEBSITE ONLY FOR 400$ Blog; Newsletter Home / Products tagged “extreme trend reversal point indicator Conversely, in markets with high volatility, you may need to downward adjust the size of the extreme bar. Then follow the screen. The Exhaustion Indicator is an advanced technical analysis tool that helps traders identify when markets are overbought or oversold, potentially indicating an imminent reversal in the trend. Paste the aa-indicator. Figure 2. Best Trend Reversal Indicators. So, they are often associated with the lag that is inherent in most moving average indicators. RSI Extreme Zone Indicator. The Reversals Indicator provides traders and investors with a simple-to-use and highly dynamic insight into points of likely price-action reversals. Look for confluence: Confirm trend reversals when the 200-day SMA aligns with RSI overbought or oversold Jun 4, 2022 · The Profit Ratio indicator is a financial trading tool that displays the current percentage of winning trades to the losing trades. Extreme reversal zones = this is a version of the Keltner channels calculated over a high number of candles and with high deviation, to identify the potential zones of reversal. PZ Bollinger Trend Indicator. Sep 30, 2023 · The relative strength index (RSI) is a momentum indicator that measures recent price changes as it moves between 0 and 100. - Free download of the 'Reversal' indicator by 'vradii' for MetaTrader 5 in the MQL5 Code Base, 2018. The indicator is calculated as follows: 1. 4 Info Indicator. In any case, the indicator provides the reversal signals at the overbought and oversold levels. 4k. The first bar of the two-bar setup is the extreme bar, which is the basis for the setup. 0. First, you have to load your study and choose up the signal true. 03, and 0. The best way to use that gauge is to apply it to your favourite trading system as a filter. 4. | FXSSI - Forex Sentiment Board Jun 1, 2015 · ubmit by Louis 01/06/2015 Extreme RSI Reversal System is a reversal trading System based on the RSI extreme indicator. It is one of the most common tools investors and traders use to try Some traders believe that different indicators are the only tools needed to measure the Forex market. zip. . At the same time, the previous MACD value must be Jun 4, 2022 · A test was conducted using the sushi roll reversal method versus a traditional buy-and-hold strategy in executing trades on the Nasdaq Composite during a 14-year period; sushi roll reversal method Installation Guide. Super Trend Indicator. The MACD is an advanced form of a moving average crossover signal. This indicator is a favorite among traders for its ability to provide early signals of price direction changes. ProfitRatio" and test it in demo mode for free. Repainting was the problem with the original Trend Reversal. 0k. 2. Based on few messages received, included all Time Frame pivots for all the setups to help all TF participants. So, let's find out the best trend reversal indicators that you can use to spot such turning points timely and take advantage of the trading. A perfect indicator for providing superb sell and buy signals. The indicator is very efficient in detecting price reversal level especially at market bottoms. R. 23 KB Type: . A forex reversal indicator for MT4 platform is a technical analysis tool that helps traders spot potential trend reversals. Dec 3, 2023 · QuantVue Sep 15, 2023. MT4. Apr 21, 2022 · The next trend reversal indicator on the list is the forex reversal indicator. There's not much we talk about, we want you to use it, and be surprised! Apr 8, 2021 · Peak Reversal v2. Abschnitt)! If oscillators turn at an extreme, many use this for a trend change, but as trends can stay long, a break of bands may be a better signal. And after a new high is formed, price makes a retracement back down. Version: 1. Let's take a closer look at the structure of the extreme reversal setup. Joshua A. Typically, we use the following steps to calculate the default RSI: Calculate the change in the closing prices from the previous ones. Furthermore, it is also recommended for different trading styles like scalping, day/intraday, and swing trading. Jun 19, 2023 · Hello Trader, Welcome to my youtube channelNEW Reversal indicator 98. This is a premium indicator that comes At these extreme levels the indicator suggests a price reversal and in turn helps forex traders to anticipate price reversals. Updated on: 09. However, those tools might not be enough in most cases. Conversely, if the RSI is below 30, it suggests that the market is oversold and a bullish trend reversal may occur. The indicator works on all time frames so if you intend to apply it to the 5-minute chart you need to affirm your Sep 23, 2019 · Using the CyberZingFx Trend Reversal Indicator is easy - simply Buy when a Buy Arrow appears, and Sell when there is a Sell Arrow. used to track Dec 14, 2023 · The Trend Reversal MT4 Indicator is a technical analysis tool designed for use in the MetaTrader 4 platform. However, it can be used by the traders who look for finding out strong reversal levels. Next, you must load the RSI_Extreme from the study section into the scanner. The mass index must first go above the 27 level and then it needs to be followed by a drop back below the 26. The Ross Hook pattern to buy comes after a 1-2-3 Low, that is, when the market is making a reversal from the downtrend to an uptrend. Learn how t Sep 26, 2018 · How can I get either the DMI_reversalAlerts, or the "DMI Stochastic Extreme" like the one in the link provided but that is compatible with the latest NinjaTrader 8. The main theory is that extreme autocorrelation (trending) that coincide with a technical signals such as one from the RSI, may result in a powerful short-term signal that can be exploited. It monitors price action and market sentiment to determine when a trend is likely to change direction. Mastering forex reversal indicators can significantly boost a trader’s ability to enter and exit trades at opportune May 17, 2024 · The Brilliant Reversal Indicator for MT4 is a non-repaint trend reversal indicator that highlights the potential reversal zones of the price. Oct 5, 2020 · The Icarus Reversals(TM) FREE Indicator is a powerful tool to identify high-probability reversal points, across all instruments. Extreme conditions typically signal a brief or extensive price reversal, offering valuable entry or exit points. 5, 0. , the RSI operates on a scale of 0 to 100, indicating whether a stock is overbought or oversold. High Volatility Market Strategy MT5 - Forex Strategies - Forex Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast › 9-high-volatility-market-strategy-mt5 The extreme reversal setup is a classic "rubber band" trade. Reversal Super Bands Trading System. Categories: Trend, MT4. The indicator displays the percentage of winning traders in the form of a graph. Finally, it is free to download. Mar 1, 2018 · The indicator displays trade opening signals based on the author's 'Reversal' trading system. FXSSI. Here is the Enhanced version of the popular Trend Reversal indicator available here for ThinkorSwim. 📌 Part 4: Combining SMA and RSI for Long-Term Trading. Depending on the period of the MA, it allows for Nov 3, 2023 · Extreme duration uses a special combination of the RSI and its relative position to deliver a reversal signal. The indicator is not redrawn! If the extremum filter is disabled, the indicator shows all points that have a pattern. The RSI provides short-term buy and sell signals and is. A. The key Fibonacci ratios — 0. 60M+ . This data can be used to accurately predict the potential zone where the price of an asset may likely reverse. 786 — are applied to create horizontal lines on the trading chart. Binary reversal indicator will help you trade binary options, it’s as simple as that. K's Reversal Indicator III is based on the concept of autocorrelation of returns. It is a contrarian indicator that depends on the following conditions: • A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. The extreme mean reversion indicator (XMR) is a MT4 chart indicator used to identify potential reversal signals in a financial market. AutoTrendChannels. Though there is no way to fix that issue, we continue to find Oct 15, 2023 · If the RSI is above 70, it suggests that the market is overbought and a bearish trend reversal may occur. Values of the indicator below 0. 2023. Feb 2, 2024 · Download the indicator of winning/losing traders ratio - "FXSSI. The following are the conditions to generate signals: * Bullish signal: The current 8-period RSI is below 50 and above 35 while the previous 5 RSI's are below 35. Thanks to the Purple Extreme Indicator, you Aug 10, 2023 · This can be summarised with the DeMarker indicator formula, which is as follows: DeMarker Indicator Formula. M. The Strategy Builder can also be used to generate NinjaScript syntax so you can better learn how NinjaScript code is written. It has moved approximately 5 points since the reversal pattern formed. 2 Numbers of Candles (3) this indicator not reapint;. The entry signals of the forex reversal indicator for MT4 are quite simple and straightforward. The indicator is - English. This indicator will give you a buy and sell signal based on the Engulfing pattern combining with the RSI (Relative Strength Index) indicator. The most accurate trading indicator is a buy zone, one that is pulling back. Bearish reversal patterns: These signal possible trend tops and reversals lower. Free Download. This is the MT5 version of Extreme Reversal Sniper MT4 Indicator. Sep 24, 2021 · Defines extremes. 08 KB Type: . When it finds extreme points, the indicator will draws an up or down arrow. The XMR is displayed as a bar chart, with a set range from -5 The best indicators for trend reversal trading: A definitive list of the strongest indicators for counter-trend trading. To ensure your trades are secure, the indicator comes with specific Stop Loss placements. 5 level. A spike often indicates a turn-around moment. Purple Extreme Indicator - a great helper in identifying trend reversal. 67 ( 3) 2. This is a perfect indicator for reversal traders. This tool is widely employed by traders and analysts to predict potential market reversals and to 6 hours ago · Recently, IVMCR, a well-known brand-shaping service provider in China, released the industry's innovative IVMCR Value Business System (INTEGRITY, VALUE, MEANING, CREATION, and RELATIONSHIP). When a bullish or bearish Engulfing candle is identified we also look at the Overbought and Oversold Oct 6, 2022 · Moving Average and Alligator. Developed by J. If price closes below the low of the highest bar or closes above the high of the lowest bar a This indicator shows bullish and bearish reversal signal candles. Values of the indicator above 0. This indicator looks to find the key swing highs and lows and give you clear buy and sell signals. Welles Wilder Jr. By following the signals provided by this tool, Secret Indicator you can increase your chances of success and profitability in your trading career. The mean reversion is a technical indicator that indicates price trends in data. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price Metatrader Indicators: Bands 50 deviations 4 apply to close. Feel free to test the attached ideas in zip-file. Double Top and Double Bottom chart pattern. Copy Indis in zip to folder indicators ( in mt4 click Alt D D). 3 on a daily OHLC chart, returning a profit of +359% versus the buy-and-hold return of 159%. 03, 0. ts ss se oc ic no go qi el fy