2x RSI
Last updated
Last updated
You can use a combo of 2 Relative Strength Index (RSI) indicators during a relatively stable market. During big movements in Bull or Bear directions it is not good.
Set up one RSI with a long period of time for example 60-90-120 minutes or higher.
The second RSI should be set up with a shorter period of time 5-15-30-60min.
Another option would be to adjust the time frame of the orders by changing the first value in the RSI.
For example, one RSI with the default 30 30 70 and the second with 60 30 70 and both indicator at 15-120 min.
It is possible that you will make some trades that will cause a loss, however if you leave the indicators alone and let them do there job over long period of time then you can get some good trades out of them.
Note: If you set your RSI at shorter times they will likely overtrade. They will trade so much that they are losing funds just because of the trade fees and creating a lot of trade noise.
Note: Increasing the length of RSI will reduce the amount of trades, but it will make RSI more accurate.
