RSI Indicator on Mega Fusion
How to use the Relative Strength Index (RSI) indicator on MetaTrader 4 and MetaTrader 5 when trading with Mega Fusion.
Open Mega Fusion Account →The RSI (Relative Strength Index) indicator is a built-in tool on MetaTrader 4 and MetaTrader 5 at Mega Fusion, measuring the speed and size of recent price moves on a 0–100 scale. Readings above 70 are commonly read as overbought and below 30 as oversold, though RSI reflects past price action and does not predict future movement, so it is often used together with other analysis tools.
How the RSI indicator works
- RSI (Relative Strength Index) measures the speed and size of recent price changes on a 0–100 scale.
- Readings above 70 are often read as overbought; readings below 30 are often read as oversold.
- RSI is available as a built-in indicator on both MT4 and MT5.
- Traders commonly combine RSI with other tools rather than using it alone.
- Indicator readings describe past price action and do not guarantee future price movement.
Frequently asked questions
How do I add RSI to a chart?
In MT4 or MT5, open the Insert menu, select Indicators, then Oscillators, and choose Relative Strength Index.
What does an RSI reading above 70 mean?
It is commonly interpreted as an overbought condition, though price can continue moving in the same direction regardless.
Is RSI available on mobile?
Yes, RSI is a standard built-in indicator on the MT4 and MT5 mobile apps as well as desktop and web.