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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.

fkaiser
82
fkaiser 2020.05.27 21:25 
 

User didn't leave any comment to the rating

Carrie Law
124
Carrie Law 2020.05.23 12:39 
 

Just what i needed for my trading. Simple tool, but yet useful and practical. Could you please please please add the signal push alert? Your kindness will be very much appreciated. thanks

Mjay
38
Mjay 2020.05.16 10:58 
 

Powerful indicator, fits right in with my strategy

sami.m767
80
sami.m767 2019.07.28 19:58 
 

User didn't leave any comment to the rating

Nikolay Gaylis
16098
Nikolay Gaylis 2019.01.07 17:42 
 

User didn't leave any comment to the rating

fejaum2
92
fejaum2 2018.08.22 19:43   

could have alert and e-mail notifications

Andrey Sorokin
3013
Andrey Sorokin 2018.02.03 20:20 
 

Спасибо!Отличный помощник.

Gennadiy Voltornist
12010
Gennadiy Voltornist 2017.11.26 19:15 
 

User didn't leave any comment to the rating

Daniel Andrejczuk
5702
Daniel Andrejczuk 2017.11.08 11:53 
 

Like!

Andrey Litvichenko
7629
Andrey Litvichenko 2017.10.15 18:29 
 

User didn't leave any comment to the rating

Ali irwan
5136
Ali irwan 2017.07.20 07:24 
 

Thank, I want to try all your products

Micaela Suter
332
Micaela Suter 2016.07.04 11:52 
 

Nice

Nork
6209
Nork 2016.03.28 03:22 
 

User didn't leave any comment to the rating

Rodrigo da Silva Boa
7208
Rodrigo da Silva Boa 2015.12.09 06:19 
 

Bom

vahid jannati
2075
vahid jannati 2015.04.01 11:09 
 

good signal for overbought and oversold and I like it.

vadoos
1440
vadoos 2014.05.15 07:47 
 

Хорошая работа

Vadim Strelkov
7828
Vadim Strelkov 2014.03.17 13:35 
 

User didn't leave any comment to the rating