The RSI Channel Forex Indicator is a useful and popular tool for traders in the foreign exchange market. It is free to download and easy to use on the MT4 trading platform. The indicator will then plot two lines, one for the RSI and one for the moving average of the RSI, creating a channel. This channel will then show the trend of the market and can be used to identify potential entry and exit points in the market.
- Author fx
- Creation date
More resources from fx
-
MT4 Sweet Spots Gold Tro Modified VersionIdentify key support and resistance “sweet spots” for smarter trades. -
MT4 Candle Body SizeGauge market strength and anticipate moves by analyzing candle body sizes. -
MT4 Awesome Accelerator TickerTrack market momentum and acceleration to catch trends early. -
MT4 Maksigen KahajiTrade trends and momentum confidently with Maksigen Kahaji signals. -
MT4 Pattern Recognition Master V3Get detailed candle bar insights to trade with clarity and confidence.