When it comes to trading everyone of us looks for better strategies and trading techniques. On daily basis many traders looks for the nicest indicator which can give you a good trading signal.
But unfortunately, not all indicators are working and its not easy to generate signals for the trades.
In this post I am going to discuss about RSI indicator and how to put two RSI indicators which will help you to take good trades.
The concept of the 2 RSI is to know about the market trend in a big time frame and taking trades in a short time frame. This is very simple and also working for the short term tradings.
The name of this indicator is RSI divergence where you can set two indicators in a single pattern.
The best time frames are 5 min and 1H time frames. I am testing these time frames which are working best. What you have to do is to identify the trend in 1h TF and take your trades according to 5Min TF.
In the 1H RSI indicator you will check the pattern either the coin is moving up or down and in 5min TF RSI you will take your trade accordingly.
If you will see that both of the indicators are giving similar signals of overbought or oversold positions then it will be the best time to take your trade.
What do you people think about this trading indicator? Will it be helpful in your trades? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM Trading view
Thank You!
Best Wishes.