RSI Arrow signal indicator - visualization of overbought and oversold levels
RSI Arrow indicator - is a signal interpretation of the popular RSI oscillator for the MetaTrader 5 terminal.
The RSI Arrow signal indicator is quite simple. It displays signals on the price chart of the currency pair when the RSI indicator line crosses overbought and oversold levels.
Please note that the arrows displayed by the RSI Arrow signal indicator are not trading signals for entering the market. Their direction shows the crossing of the indicator line with the level:
- Up arrow - the RSI indicator line has crossed overbought level up;
- Down arrow - the RSI indicator line has crossed oversold level down.
We believe that the RSI Arrow signal indicator will greatly simplify the work with overbought and oversold levels when trading based on this principle.
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