RSI Triple Stochastic Divergence Indicator for MT4

The RSI Triple Stochastic Divergence indicator is a marvelous buy/sell signals indicator that is based on the Relative Strenght Index (RSI) and a custom Triple Stochastic technical indicator.

The values provided by that gauge fluctuates between two extreme values: 28 and -28. There is a special gray zone in between, that works as a filter. This zone reduces noise and false signals significantly, making the actual signals much more accurate and reliable.

The RSI Triple Stochastic Divergence indicator is a pretty universal trading tool and works for scalping, swing trading, and day trading purposes.

How does it work? How to apply in trading?

Signals provided by the RSI Triple Stochastic Divergence Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.

Buy Entry: Open long trade after the RSI Triple Stochastic Divergence indicator blue bar exceeds the 28 value or/and leaves the gray area. Optionally, the black line shouldn’t leave that gray area yet, otherwise, the signal is a bit late. Place your stop loss a few pips below the last swing low.

Sell Entry: Open short trade after the RSI Triple Stochastic Divergence indicator red bar drops below the -28 value or/and leaves the gray area. Optionally, the black line shouldn’t leave that gray area yet, otherwise, the signal is a bit late. Place your stop loss a few pips above the swing high.

Exit Trade / Take Profit: That forex indicator itself doesn’t provide exit signals on its own, so use your own preferred method of trade exit. Some ideas you can get are using pivot points, support and resistance levels, oscillators, etc.

Example of EUR/AUD M30 Chart

This screenshot below shows an example of the RSI Triple Stochastic Divergence Indicator in action.

RSI Triple Stochastic Divergence Indicator in action.


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