RSI vs BB Arrow Indicator: Signal Compilation of Bollinger Bands and RSI
At the heart of RSI vs BB arrow indicator There are two principles:
- very often the price, after breaking out of the channel Bollinger BandsIt begins to slow down and then enters back into the channel;
- when RSI line crosses the signal level of overbought or oversold, the price also slows down and often reverses immediately.
The RSI vs BB indicator combines these two conditions and identifies them as signals of a supposed reversal of the price trend.
The RSI vs BB indicator also features audio and text alerts when a signal appears on the input.
It is possible to track the price break from inside the channel and the RSI indicator in the braking zone, as well as vice versa from the braking zone - back to the channel and confirmed signal RSI reversal. There is a possibility to turn off either one or the other signal.
Sometimes it is better to wait for both signals RSI vs BB arrow indicator - first break the channel from the inside to the outside (circle), and then wait for the signal of price return to the channel (arrow) and only then open a position.
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