# Indices RSI Indices Expert Advisor Setup

Indices RSI Indices Expert Advisor Setup - Setting Up RSI Indices Expert Advisor - A Indices trader can come up with an RSI Indices Expert Advisor based on the RSI stock indices indicator explained below.

Indices RSI Expert Advisor rules can be combined with other indices indicators to come up with other EA Indices Trading Robots that trade using rules based on two or more indicators combined to form a stock indexes trading system.

## RSI Indices Technical Analysis and RSI Indices Trading Signals

Developed by J. Welles Wilder, described in the book “New Concepts in Technical Trading Systems”.

Relative Strength Index is the most popular indicator and it is a momentum oscillator and a indices trend following indicator. RSI compares a indices price magnitude of the recent stock indexes price gains against its magnitude of recent losses stock indexes price losses and plots this data on a scale of values that ranges between 0-100.

Relative Strength Index measures the momentum of indices; values above 50 signify bullish momentum while values below 50 center-line signify bearish momentum.

Indices RSI Expert Advisor Setup

- RSI is drawn as a green line
- Horizontal dashed lines are drawn to identifying overbought and oversold levels are i.e. 70/30 levels respectively.

## Indices Technical Analysis and Generating Indices Trading Signals

There are several methods used to trade, these are:

50-level Crossover Signals

- Buy signal - when the indicator crosses above 50 a buy/bullish signal is given.
- Sell Indices Trading Signal - when the indicator crosses below 50 a sell/bearish signal is given.

**Bullish Signal and Bearish Signal **- Indices RSI Expert Advisor Setup