@ Dynamic Zone RSI indicator @ -Hot-

[cazador]

Dynamic Zone RSI indicator :-bd

 

This indicator is a modified version of the RSI indicator. It has 2 added lines into it, one upper line and one lower line. These lines are dynamic and their values will always be changing. These lines are here to replace the fixed overbought and oversold level. Once the RSI goes beyond the upper limit, it means that we are in overbought situation and when it crossed the bottom limit, it means that we are in oversold situation.

:-? :-?

http://i25.tinypic.com/2uhxxg4.png

 

Trading this indicator should be fairly easy and you can use it to mix with other indicators and hopefully come up with a good trading system. Watching overbought and oversold levels help you in catching tops and bottoms.

 

My advice is not to take a trade when the RSI crossed these boundaries and take the trade only when the RSI crosses back from the boundary and re-enter the normal range. Taking trade as soon as RSI goes beyond these levels can be risky as the price can keep going in same direction without the move being reflected much on the RSI.

 

http://www.mirrorcreator.com/files/2S0V2NF4/Dynamic_Zone_RSI.mq4_links

 

Kudos for the sharerr pleaseee!! [-O<

[annexy]

kindly share another link,the previous link is dead.

[annexy]

kindly share another link,the previous link is dead.