RSI 5 and RSI 14 in the same window trading technique — This is Easy Profits Double RSI Forex Trading System. The default RSI setting of 14 periods work well for swing traders. But many intraday traders find it lacking, because it produces infrequent trading signals.

Some traders deal with this problem by lowering their time-frame. Others lower the RSI period setting to get a more sensitive oscillator.

However, these solutions produce RSI signals that are more unreliable. Getting infrequent trades is not always a problem for day trading.

That is if the few trading setups that show up are high-quality ones. In this article, you will learn a simple method to find quality day trades.

Forex Market Analysis: DOUBLE RSI

The idea is to combine the default period RSI with 5-period RSI. Our aim is to find intraday reversal setups with a high reward-to-risk ratio.

Trade only in the direction of the Trend. The trend is determined by the moving average if the price is greater than ema is uptrend,f the price is less than ema is downtrend.

Frank Denneman

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