EURUSD three time-frame RSI directional alignment signal example
Hello!
This is Satori, researching FX.
Today we will deliver an example signal where RSI directions across three timeframes align for EURUSD.
The figure below is a signal example when RSI directions across three timeframes align on the EURUSD 1-hour chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/5/f/5f9d46f3.gif
The above image shows EURUSD on the 1-hour chart, with the RSI 3 TimeFrame indicator displayed on a sub-chart.
By default, it displays the RSI of the current bar and the two higher timeframes.
If you draw a horizontal line at the early low, you can see it moves to a later high, indicating a support/resistance reversal.
It captures with a downward triangle and a downward arrow.
There are two meanings when the RSI directions across three timeframes align:
One is that the order is “1-hour RSI > 4-hour RSI > daily RSI” or “1-hour RSI < 4-hour RSI < daily RSI.”
In this case, the position of the RSI does not matter.
In other words, it might be called an RSI trend.
It displays a blue rising triangle and a red falling triangle, and also sends email alerts.
The other case is when the two higher timeframes’ RSI are above 50, and the current RSI drops to 40 or less and then rises above 50 again; that is, when a pullback forms and you aim for a new high, a blue rising arrow is displayed and emails/alerts are sent.
For selling, when the two higher timeframes’ RSI are below 50, and the current RSI rises above 60 and then falls below 50, forming a retracement to target lower prices, a red falling arrow is displayed and emails/alerts are sent.
If installed on a 5-minute chart, it will display three RSI lines for 15-minute and 30-minute RSIs as well.
In the settings, you can also change to three lines: 5-minute RSI, 1-hour RSI, and 4-hour RSI.
The indicators used today are as follows.
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