Setting take profit according to RSI value
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Hi folks,
Just a quick question: how can I set the take profit using the 14 period RSI by setting a value of 70?
Does anybody know how to do so? -
yo cant set take profit level at the rsi cause no one knows wat the price will be when 70 rsi is reached. but wat you can do is do a custom close when rsi goes abouve 70. For each trade" then put rsi condition then connect "close profitable trades
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@marktuwers Do you mean you need the value of RSI at level 70? That can be very different depending on the market conditions-