Hello.. Mate, how are you? Today, In this article, I am going to cover one of the most popular trading indicators that is widely used by traders on Pocket Option trading platform. Before, we start make sure that you have a Pocket Option account, In case you don't have one use this link. The Demarker indicator is a powerful tool for traders worldwide who are looking to enhance their trading strategy. This tool is a momentum indicator that will help you identify the upcoming trends and reversals using overbought and oversold levels. How to Install Demarker Indicator on Pocket Option? Demarker Indicator is a free-to-use trading tool which means you can even use this indicator on the Pocket Option demo account for free without paying or making any deposit 1> Registration: The first and foremost step is having access to a Pocket Option account. In case you don't have one use this link. 2> Trading Dashboard: Next, access the trading dashboard. Login to your trading accou...
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RSI or you call it the Relative Strength Index, is a trend Indicator very popular among traders worldwide. This indicator was developed by J.Welles Wilder who is also the founder of Parabolic SAR.
In this article, I will help you understand the complete concept of RSI Indictaor and How you can use the indicator properly on the Pocket Option trading platform.
How to add RSI Indicator on Pocket Option?
RSI Indictaor is a free-to-use tool and you can even use this indicator on a Pocket Option demo account for free. To add RSI Indictaor on the Pocket Option chart follow the steps below:
1> Sign Up: First and foremost, You need an access to the Pocket Option chart. In case, you don't have one you can use this link and complete the registration process by clicking registration button and filling in the necessary details.
2> Select an asset and chart: Next, Select your desired asset If you are a beginner select a stable currency such as AUD/CHF, USD/JPY and set your default chart to Candlestick or Heiken Ashi.
3>Find RSI Indicator: Next, click the Tools button at the top of the page and search for RSI Indicator from the list.
4> Apply Changes: Lastly, Apply Necessary changes such as increasing or reducing the duration of the indicator and once you are done click apply.
How to Trade?
Finding the upcoming Trends and reversals is a not big deal with the RSI indicator. The Rsi Indicator is composed of a single line which moves to and fro around the overbought and oversold levels.
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You consider the price being at the overbought level with the RSI line near or below 30 similarly, when the RSI line is near 70 it means that the price is at the overbought level.
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Now, Talking about How you can trade with the indicator, You need to focus on the indicator line with the indicator line above 70 signals an ongoing bullish trend trend and you can use this opportunity to place a 1 -2 minute buy trade.
Similarly, When the indicator line is below 30 it signals an ongoing bearish trend and you can opportunity to place 1 -2 minutes sell trade.
Note: Make sure to change the indicator line duration to 9 -10, In case you are going to place a 1-minute trade.
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