The signals for opening a position are based on the readings of the RSI indicator. The best entry points are only from overbought and oversold levels.
Many investors believe that the indicator values above 70 mean the instrument is overbought, and below 30 — its oversold. In other words, those who adhere to this point of view believe that if the RSI is greater than 70, then the instrument is too expensive and sales should begin soon. Also, if the RSI is below 30, it means that the asset is excessively cheap and purchases should begin.Monitoring: https://www.mql5.com/en/signals/1769468