Originally Posted by
rookie001
EURUSD on 15M time frame ... use this indicator for the best results ... noise will be filtered out automatically. For this strategy you need just two things ... a EURUSD chart with 15M time frame and an mtfRSI with alert ... I am attaching the indicator here and you can arrange for the chart from your terminal. This is another NEAREST to the perfect system. False signals are very rare ... you gotta try this system to believe it.
People who have read my previous posts that I am not a big fan of RSI ... especially not on smaller timeframes like 15M or even 1H ... yet this indicator is so powerful that it will provide the best results under the circumstances. Its all 3 RSIs are customizable ... their settings are in order 21,8 & 4 ... with all timeframes set to 0 or the specific timeframe you are trading. Here is the indicator.