62# Market Strength Trading System
Submit By Janus Trader 25/12/2011
Time Frame daily
Currency Pairs: any
Indicators: RSI (14)
The rule is as follows:
We are in a normal or ranging market when the RSI is between 40 and 60.
We are in a fast down-trending market when the RSI is below 40. We are in a
fast up-trending market when the RSI is above 60.
The chart examples below illustrate this principle:
Normal market changing into a fast up-trending market:
Normal market changing into a fast down-trending market: