Adaptive Relative Strength Index Smoothed Indicator
Platform: MT4 Type: Trend Last update: October 7, 2024Adaptive Relative Strength Index Smoothed Indicator for MetaTrader 4 is another trend-following indicator. Actually, it is a set of moving averages based on RSI readings. Together they form a colorful cloud placed near price bars.
Usually, when price holds its position above the cloud it signals the bullish trend. Similarly, when the price tends to stay below the cloud it means the current market is considered bearish. Trade decisions should be supported by price action patterns and alignment in relation to candlesticks (up/down).
Our recommendation here is spotting for a green MAs to be in a meaningful distance to other lines, which brings high-probability strong momentum and forex traders can take advantage of that setup.
