Community Forex Questions
What is your favorite indicator?
I like Price, volume, and VWAP, and what is your favorite indicator?
One of the most intriguing indicators in trading is the Relative Strength Index (RSI). It measures the speed and change of price movements, indicating whether an asset is overbought or oversold. Its simplicity belies its effectiveness, offering valuable insights into potential market reversals or continuations. RSI's versatility extends beyond stocks to forex, commodities, and cryptocurrencies, making it a staple for traders across various markets. Its ability to provide clear signals and enhance decision-making processes makes it a favorite among traders, offering a blend of simplicity and efficacy in navigating the complexities of financial markets.
Jul 20, 2021 17:00