Forex Indicator RSI_7TF.1.2 settings:
RSI 7TF 1.2 – arrow indicator based on RSI, showing possible points of opening of transactions towards the main trend.
The indicator RSI 7TF 1.2 allows you to determine the entry points to the trend price movement.
If there is a blue arrow up from the indicator RSI 7TF 1.2, then it is worthwhile to open deals for increase.
If there is a red arrow down from the indicator RSI 7TF 1.2, then it is worth opening trades on a decline.
The indicator is suitable for any time frames, except the time frame of the M1 frame.
The indicator RSI 7TF 1.2 can be supplemented with other indicators, and can be used as a trading strategy.