Scalping

The RSI is a hugely popular indicator and is available on every charting package certainly that I have used. This is where it can be found on MetaTrader 4 (MT4): For this strategy, the indicator settings we are going to use are rather unconventional. If you have used RSI before, you would have often seen a setting of a 14 or 21 period RSI, and the overbought/oversold settings of 70 & 30 res…