RSI FWA Indicator

RSI FWA Indicator

Enhance your trading with RSI FWA Indicator for MT4. Detect price and RSI divergences for successful trend reversal trading. Ideal for all timeframes and currency pairs.

The RSI FWA Divergence indicator scans for and shows price and RSI divergences. The indicator may detect both bullish and bearish divergences. You can use low-risk trend reversal trading successfully in bullish and bearish situations.

The indicator is a versatile tool for scalping, day trading, and swing trading. It is appropriate for all timeframes and currency pairs. The indicator appears in a separate window underneath the main trading chart.

How To Use The RSI FWA Indicator For MT4
The signals that the indicator supplies are simple and easy to understand. Simply follow the guidelines provided below.

Buy entry: A buy entry (long trade) occurs when the RSI FWA Divergence indicator shows a recognized bullish divergence below the 50 mark. The indicator will draw a divergence line, along with check marks. Set your stop loss a few pips below the previous swing low.

Sell entry: A sell entry (short trade) occurs when the RSI FWA Divergence indicator shows a recognized bearish divergence above 50. A divergence line will be drawn, along with check marks. Position your stop loss slightly above the swing high.

Conclusion
The RSI FWA indicator is a modified version of the RSI. This indicator shows divergences between RSI and the price. It marks these points using ticks. You can use the indicator’s signals to enter trades.