Market Structure Break with RSI

3 gün önce

MrBishop specializes in market structure breaks and using RSI oscillator. What is classified as a market structure break is when a candle closes below the most recent swing high's bottom wick or when a candle closes above the most recent swing low's top wick. RSI oscillator is set to 60/40 with length of 10 and a SMA length of 10. I enter a long trade when RSI line is below the 50 mark and there is a market structure break. I enter a short trade when RSI is above the 50 mark and there is a market structure break.

3 gün önce

Sürüm Notları

MrBishop specializes in market structure breaks and using RSI oscillator. What classifies as a market structure break is when a candle closes below the most recent swing high's bottom wick or when a candle closes above the most recent swing low's top wick. RSI oscillator is set to 60/40 with length of 10 and a SMA length of 10. I enter a long trade when RSI line crosses the SMA in an upward motion and there is a market structure break. I enter a short trade when RSI crosses the SMA in a downward motion and there is a market structure break.