• Overview
  • Reviews (5)
  • Comments (10)

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
Thomas Kjelvik
1366
2017.03.30 08:15 
 

User didn't leave any comment to the rating

Marzipano
552
2016.11.18 11:25 
 

Great

Maksym Mudrakov
14080
2016.09.02 22:57 
 

User didn't leave any comment to the rating

Damian Mateusz Dziadosz
7458
2016.03.12 08:37 
 

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

vahid jannati
2156
2016.02.26 18:50 
 

good combination channel for show trend