Last Updated on March 9, 2025 by Arif Chowdhury
Have you ever felt lost in the noise of the Forex market?
Wondering how to spot where the big players are moving their money?
You’re not alone.
Every trader wants to decode the patterns and understand the flow of institutional orders.
Today, I’ll break down how to use the Relative Strength Index (RSI) combined with Weis Wave Volume to get a clearer picture of market movements and track those institutional orders like a pro.
Understanding RSI
First off, let’s tackle the RSI.
The RSI is a momentum oscillator that measures the speed and change of price movements.
It ranges from 0 to 100, helping you identify overbought or oversold conditions.
- Above 70? The market might be overbought.
- Below 30? It could be oversold.
But here’s the kicker: RSI isn’t just about those numbers.
It’s about understanding the context behind them.
Weis Wave Volume: The Secret Sauce
Now, let’s mix in Weis Wave Volume.
This approach goes beyond standard volume metrics.
It shows you how volume is distributed with price movements, giving insights into buying and selling pressure.
- High volume on rising prices? Likely strong buying interest.
- High volume on falling prices? Indicates strong selling.
By using these two tools together, we can start tracking where the institutional money is really flowing.
Combining RSI and Weis Wave Volume
Here’s how to effectively combine these two indicators:
- Set Up Your Chart: Use H4 charts for a broader perspective.
- Apply RSI: Add the RSI indicator to your chart.
- Incorporate Weis Wave Volume: Overlay the volume data.
- Look for Divergences:
- If the price is making new highs but RSI isn’t, it’s a potential reversal signal.
- If volume spikes while RSI is still under 50, it could indicate strong buying momentum.
- Confirm with Price Action: Always look for confirmation in price action.
Why This Works
Institutional traders leave footprints.
By analyzing their order flow through RSI and Weis Wave Volume, you can gain an edge.
Did you know that around 70% of all Forex trading volume comes from institutional players?
That’s why tracking their movements is crucial.
When you align your trades with institutional order flow, your chances of success increase.
My Trading Strategy
As a seasoned Forex trader since 2015, I’ve tailored my approach to include these powerful tools.
I’ve developed a unique strategy that leverages the insights from RSI and Weis Wave Volume.
But that’s not all.
I’ve also created a portfolio of 16 sophisticated trading bots that utilize this strategy along with many others.
These bots are designed to trade across major currency pairs: EUR/USD, GBP/USD, USD/CHF, and USD/JPY.
Each pair has its own set of 3-4 bots, ensuring a diverse trading experience that minimizes correlated risks.
- Long-term focus? These bots target between 200-350 pips, perfect for sustained profitability.
- Backtested for 20 years, they perform exceptionally well under various market conditions.
And guess what?
I’m offering this entire EA portfolio for FREE.
It’s a no-brainer for anyone serious about improving their trading game.
Check it out here: My Trading Bots Portfolio.
Finding the Right Broker
Now that you have the tools and strategies in place, it’s time to execute.
Choosing the right broker is essential.
I’ve tested and vetted some of the best Forex brokers out there.
Look for those with:
- Tight spreads to maximize your gains.
- Fast execution to capitalize on price movements.
- Excellent customer support for any questions you might have.
I recommend checking out the top Forex brokers I trust: Best Forex Brokers.
Final Thoughts
Combining RSI with Weis Wave Volume can give you a powerful edge in tracking institutional order flow.
Understanding these tools allows you to navigate the Forex market more effectively.
And remember, I’ve got a fantastic portfolio of 16 EAs that can help you implement these strategies without lifting a finger.
So why wait?
Start your journey toward smarter trading today!