Hello, good morning, I want to introduce a simple strategy to those who trade in low frame time.
For example, I'm on the Dow Jones chart for 5 minutes at a time frame
Take a closer look at this backtest
You must first find support and resistance levels
In the next neighbourhood, be patient until the price hits that level
Now wait for the first candle to form...
RSI = Relative Strength Index
Is fluctuates between 0 and 100
• A momentum Oscillator
• Increasing RSI when: Average gains are greater than average losses = Bullish
• Decreasing RSI when: Average gains are less than average losses = Bearish
How to use:
1. Trend recognition: trading in the direction of the trend
1.1 Above 50: Uptrend
1.2 Below 50:...
