The TradersHelpDesk RSI indicator is a great addition to your charts for showing when buyers or sellers fail to move price in the opposite direction, which is also known as a zero line rejection.
In this video, Gail Mercer, founder of TradersHelpDesk, shows you how to understand and read it on the USDJPY charts. This technical analysis technique works for all markets and all time frames, including futures, forex, commodities, and stocks. When combined with price action, it is considered to be a leading indicator because it identifies where price will go in the near future.
RSI Indicator on the USDJPY Charts This Week
It is available for TradeStation, Multicharts, NinjaTrader and as a monthly or annual subscription for TradingView.