CoffeeshopCrypto

Cant wait for price to stop ranging? Do this

Education
OANDA:AUDJPY   Australian Dollar / Japanese Yen
First of all you are going to need this indicator
Its the Heiken Ashi Algo Oscillator. Click the image below

There are times when price is ranging. When this happens you simply need to see what is the channel where the RSI values are hitting and you want to know WHEN is the RSI breaking out of that channel
In this oscillator the HIGH and LOW part of the RSI Range is the +10 and -10
If price is ranging in between as it is consolidating you dont want to sit there for several hours.

So in this video you can see how to set an alert telling you when the RSI breaks out of the RANGE.
This way, once the alert is set, you can go live life.........

See you next time at the CoffeeShop

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.