RSI Feature
ProfitFarmers created a tool that takes advantage of the Relative Strength Index (RSI) indicator.
The RSI in itself is an effective and popular tool used in technical analysis that examines the size of recent price fluctuations in order to determine if crypto or other asset is overbought or oversold.
The trading team at ProfitFarmers took the advantages of the RSI a step further by creating a tool called the ProfitFarmers’ RSI scanner.
Continue reading to see how this tool can give you an edge in the markets.
Why use ProfitFarmers’ RSI Scanner?
Our RSI scanner processes RSI oscillations (readings) from 8 different timeframes for over 300+ coin pairs on Binance.com to highlight trending pairs that could be played for a profit.
This is a great way to help yourself find high-probability price action more easily using little time and without the need to switch between countless price charts and have years of experience under your belt.
We want to give you a statistical edge in the markets. Keep your eyes open - we are coming up with the content on how to maximize this indicator!
- We’re going to show you how it's used to find trading opportunities.
- A live trading demonstration while using the RSI scanner
- How you can use the RSI scanner along with the Price Action Scanner to help confirm potential price action
As traders, our job is to look for an edge in the market. ProfitFarmers is here to provide you with that edge.
What are you waiting for? Subscribe to unlock all features now!
https://app.profitfarmers.com/subscription-plans/pro/subscribe