Another powerful indicator Metatrader - Dynamic Zone RSI

Another powerful indicator Metatrader - Dynamic Zone RSI

As we all know, the RSI indicator is really powerful, especially when it comes to identifying and overbought oversold levels. However, with the generic standard RSI indicator, the overbought and oversold levels are fixed levels (for example, for 85 overbought / 15 for oversold). In this version of the amendments to the RSI indicator, called the Dynamic Zone RSI ... Apart from two lines (bands) are added and these become dynamic overbought and oversold levels. Upper line is overbought line and bottom line is the line oversold. When RSI crosses the upper limit, it means that the price is overbought and contrary would mean that the price is oversold. These lines are dynamic and always changing. Hopefully, this indicator can be a good addition to your trading toolbox and you can mix it with other favorite indicators to come up with some powerful trading systems hope .. Download the indicator from this post.