RSI LB bar AM
- Indicatori
- Versione: 40.0
- Aggiornato: 1 luglio 2026
The indicator identifies the strength of the trend based on the points where the RSI indicator exceeds the overbought and oversold levels.
The indicator does not redraw.
This indicator:- Suitable for all markets;
- Not redrawn;
- Intuitive and simple;
- It can be useful for both beginners and experienced traders;
- Allows you to identify market entry points where there is a high probability of a significant price movement sufficient for a successful transaction;
- Ind_Period (>1) - period of the indicator;
- Price - price for the indicator calculation;
- OB - Overbought level value;
- OS - Oversold level value.
Attention:
It should be taken into account that any market is constantly changing and there is no guarantee that methods that were effective in the past will be effective in the future.
To minimize potential losses, you should regularly optimize the product parameters, study the results of its work and withdraw part of the profit received.
It is recommended that before using the product on a real account, you test its work on a demo account on the same market and with the same broker where you plan to trade.
With respect and best wishes,
Andrii Matviievskyi
P.S.
If you liked this product, I would be grateful for a fair assessment - positive user reviews motivate the author, and reasonable criticism allows us to make products better.
I suggest visiting my page where you will find many unique author's works that are the result of many years of studying exchange trading and FOREX trading.
