RSI Entry Points

RSI Entry Points

RSI Entry Points is the upgrade of the standard RSI indicator to avoid lagging. Indicator draws the clouds and the arrows to have clear picture where price is and what to wait for. Why standard RSI is lagging? because mostly we do not use it correctly and it is with very weak visual flexibility, less informative. With my current upgrade I tried to Fix both problems same time and I got much better results and more exact entries than standard RSI has. I Made RSI line Dynamic, it gets more flexible when market is in a low volatile mode and less flexible when market goes in high volatile mode. (mean when there is sharp one side movements it is getting more difficult to go in oversold or overbought zones which is the KEY for making RSI Entries much more exact! To make yourself sure check out the screens and the video of the backtest of indicator entries with EA built based on it. Here is EA, so now you can backtest current profitable set files which are uploaded in discussion section or optimize parameters for different pairs by yourself: https://www.mql5.com/ru/market/product/69276

Indicator shows clouds up and down for detecting full zone of the market one side movement, at the end of each cloud indicator shows Entry Arrows. The end of the cloud is the end of the trending phase and showing neutral phase where is much more chanse to enter market in time and catch new full wave. So this have 2 positive sides: 1) We avoid entering too early wich is the reason of false entries and we get Draw downs (the definition of lagging). and 2) We catch full movement because the Entry is the Exit of previous possition, what means we caught it fully! To understand more clearly check the screens, watch the video and use it live :)

Default Settings after upgrade are for USD/CHF H4 Chart!

 https://www.youtube.com/watch?v=QsDyMWKJLGo 

 https://www.youtube.com/watch?v=2rgnNtSY-mw

Also for some profitable parameters Feel Free to PM me

RSI Entry Points contain next parameters built in:

rsiPeriod: standard period of the rsi indicator.

rsiPrice: close price is used as default.

rsiSellProof: level wich is needed to cross first from down to up wich is proof for Sell red Arrows.

rsiSellCross: level wich is needed to cross after the proof from up to down for Sell arrow confirmation. 

rsiBuyCross: level wich is needed to cross after the proof from down to up for Buy arrow confirmation.

rsiBuyProof: level wich is needed to cross first from up to down wich is proof for Buy green Arrows.

feel free to ask questions in comments section or PM. Good Luck.