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RSI signal

Technical indicator Relative Strength Index (RSI) is a price following oscillator, whose values vary between 0 and 100. Values below 30 indicate an oversold state, and values above 70 indicate an overbought state. The classic interpretation of it is the following: if the oscillator line goes out of the oversold zone, it is a signal for opening a long position. If it goes out of the overbought zone, it is a signal for opening a short position.

The indicator displays entry points on the chart using arrows.  

Input Parameters:

  • Period RSI - RSI period;
  • Signal level in percents - level the line should cross to generate a signal for opening a position.

Condition for opening a long position (green arrow up): the line crosses the level 'Signal level in percents' upwards.

Condition for opening a short position (red arrow down): the line crosses the level '100-Signal level in percents' from top downwards. For example, if the value of 'Signal level in percents' on default, then this value is equal to 70.

Nikolay Gaylis
17225
Nikolay Gaylis 2019.01.07 17:42 
 

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fejaum2
67
fejaum2 2018.08.22 19:43   

could have alert and e-mail notifications

Andrey Sorokin
711
Andrey Sorokin 2018.02.03 20:20 
 

Спасибо!Отличный помощник.

Gennadiy Voltornist
12010
Gennadiy Voltornist 2017.11.26 19:15 
 

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Daniel Andrejczuk
5430
Daniel Andrejczuk 2017.11.08 11:53 
 

Like!

Andrey Litvichenko
7590
Andrey Litvichenko 2017.10.15 18:29 
 

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Ali irwan
5166
Ali irwan 2017.07.20 07:24 
 

Thank, I want to try all your products

Micaela Suter
367
Micaela Suter 2016.07.04 11:52 
 

Nice

Nork
6084
Nork 2016.03.28 03:22 
 

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Rodrigo da Silva Boa
7169
Rodrigo da Silva Boa 2015.12.09 06:19 
 

Bom

vahid jannati
2061
vahid jannati 2015.04.01 11:09 
 

good signal for overbought and oversold and I like it.

vadoos
1441
vadoos 2014.05.15 07:47 
 

Хорошая работа

Vadim Strelkov
7807
Vadim Strelkov 2014.03.17 13:35 
 

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