Sell Relative Strength Index - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
Sell Relative Strength Index (SRSI or "Sell Gravity Index") Howard Wonder was featured in the February 2019 issue of TASC Magazine.
“Traders accumulate profits trade by trade with the goal of maximizing profits. But sell-offs will happen, and when they do, you will see prices drop significantly and quickly. This is an indicator of the size of the subsequent sell-off using the size of the profit accumulation to estimate the size of the subsequent sell-off.
The green line represents buy, red represents sell, and yellow represents the balance between buy and sell signals on the SRSI. "
Attachment download
📎 srsi.mq4 (9.12 KB)
Source: MQL5 #25564
Sell Relative Strength Index - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Sell Relative Strength Index - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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