The Moving Average convergence indicator and the Relative Strength Index are legendary indicators. They are in the top 5 of the most popular analytical tools. The MACD and RSI are included in the range on the Binomo trading platform. In this article, we will look at a strategy based on them. This system is suitable for beginners, but it is very effective nevertheless.
Oscillators are usually combined with trend indicators. However, proper configuration of the instruments can significantly increase the accuracy of signals for a combination of two oscillators. In this article, we will look at a simple strategy for Binomo based on the Awesome Oscillator and the Relative Strength Index.
There are various approaches to technical analysis. The most popular are strategies using various indicators. However, even a clean candlestick chart without any auxiliary items carries enough information to create accurate forecasts.