Tuesday, August 23, 2011

Forex Indicator Overbought

The RSI Forex Indicator Overbought is calculated by calculating the average gain and average loss rate, and applying the formula of this relationship. It is usually traded in overbought \ oversold method: when a trader enters a long oversold RSI Forex Indicator Overbought crosses the bottom level, and went short when the relative strength index crosses the overbought level above. This is a good trading system that uses RSI and can generate a good turn signals.

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