SILVER Membership: Single Timeframe

Measuring the speed and change of price can provide insight regarding the state of the market. Theory suggests that when an asset is overbought, buyers are overwhelming the price and the probabilities of a correction are increased. On the other side when an asset is oversold, sellers are overwhelming the price and the probabilities of a rebound are increased.

As a base of every trader’s arsenal, RSI extremes may provide valuable information regarding shifts in momentum and market turning points.

Extremes:

• Overbought level (over 70)
• Neutral
• Oversold (below 30)

GOLD Membership: Multi-Timeframe

Building on the single timeframe for silver members, the multi-timeframe view allows you to see RSI extremes across multiple timeframes.

Timeframe groups:

Very long term: Monthly (MN), Weekly (W1), Daily (D1)
Long term: Weekly (W1), Daily (D1), 4 Hours (H4)
Medium term: Daily (D1), 4 Hours (H4), 1 Hour (H1)
Short term: 1 Hour (H1), 15 Minutes (M15), 5 Minutes (M5)
Very short term: 15 Minutes (M15), 5 Minutes (M5), 1 Minute (M1)

PLATINUM Membership: Market Scanner

Having so many markets to trade from is an undeniable advantage. At the same time, it can become overwhelming, even for the most experienced traders out there. To never miss an opportunity requires automation. Traders use scanners to guide them to those opportunities worth exploiting and exposing themselves to.

Using this tool, you can scan and monitor all instruments that appear on your MT5’s market watch window for RSI extremes.

Additionally, you can sort instruments according to MarketWatch order (default) or by categorizing instruments according to their state.