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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.

Micaela Suter
367
2016.07.04 11:52 
 

Nice

Nork
3488
2016.03.28 03:22 
 

User didn't leave any comment to the rating

Rodrigo da Silva Boa
7137
2015.12.09 06:19 
 

Bom

vahid jannati
2126
2015.04.01 11:09 
 

good signal for overbought and oversold and I like it.

Gennadiy Sidorov
1463
2014.05.15 07:47 
 

Хорошая работа

Vadim Strelkov
7902
2014.03.17 13:35 
 

User didn't leave any comment to the rating