RSI Crossing 50 plus ATR Arrow Indicator: Combined Market Entry
RSI Crossing 50 plus ATR indicator is a representative of the arrow indicators. It is based on the work of two indicators:
How the RSI Crossing 50 plus ATR indicator works
The indicator is set to give a trading signal when the RSI indicator crosses the 50 level. The ATR indicator is used as a filter, reflecting the volatility, because the greater the value of the ATR indicator, the higher the probability of changes in the trend movement.
When an entry point appears, the indicator draws a blue arrow to enter a long position and a red arrow to enter a short position. The indicator displays the point of exit from the position on the price chart as a tick.
According to ForTrader.org experts, RSI Crossing 50 plus ATR indicator can be used when developing and improving your trading system, but its significant disadvantage is the lag.
Download RSI Crossing 50 plus ATR indicator
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