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Rsi Channel

This indicator displays the channel of Relative Strength Index.

When you see that the price touches the red line and retreats from it many times, then you will know that the general trend is down.

When it retreats from the blue line many times, that means that the general trend is up.

This lines express the RSI values attributed to the price values on the main chart.

You can add this indicator to your strategy, it will help you.

You will have a chance to enter the market when the price touches the lines but it isn't a strong signal.

This indicator will work best on 5 minutes and higher time frames.

Indicator properties:

  • RSI_PERIOD: is the period, on which you want to display the indicator
Wei2012 2018.06.13 12:29 

very useful indicator . I use it everyday ! and the Author replied quickly

Thomas Kjelvik
Thomas Kjelvik 2017.03.30 08:15 

Der Benutzer hat keinen Kommentar hinterlassen

Marzipano 2016.11.18 11:25 


Maksym Mudrakov
Maksym Mudrakov 2016.09.02 22:57 

Der Benutzer hat keinen Kommentar hinterlassen

Damian Mateusz Dziadosz
Damian Mateusz Dziadosz 2016.03.12 08:37 

Great idea turning an oscillator into channel.I like it.

vahid jannati
vahid jannati 2016.02.26 18:50 

good combination channel for show trend