RSI Trend Scanner
70 USD
Download demo:
3
Publicado:
2 junho 2024
Versão atual:
3.0
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please caontact me how do i change the time frames and its telling me sell when tis going up strong
please caontact me how do i change the time frames and its telling me sell when tis going up strong
Hi,
It work on current Time frame
RSI period (e.g., 14, 21) and levels (e.g., 30 for oversold, 70 for overbought) , you can change inputHi,
It work on current Time frame
RSI period (e.g., 14, 21) and levels (e.g., 30 for oversold, 70 for overbought) , you can change inputIm not understanding your product example cadjpy has been going up for some time now and your product says sell
Im not understanding your product example cadjpy has been going up for some time now and your product says sell see pic attached
pics shows cadjpy rising strong on 1 hour chart but your indicator says sell what am i missing
Hi,
The Relative Strength Index (RSI) is a momentum oscillator used in technical analysis to determine overbought and oversold conditions. For trading decisions, you can use RSI (14) and RSI (21) with key levels such as 30 (oversold) and 70 (overbought).
Trading Conditions for RSI (14, 21):
Buy Condition:
RSI (14) crosses above 30 (from below) → Possible bullish reversal.
RSI (21) also moves above 30 → Confirms the buy signal.
Additional confirmation:
RSI (14) crosses above RSI (21) (bullish crossover).
Price action shows bullish patterns (higher lows, strong support zone).
Volume increases to confirm momentum.
Sell Condition:
RSI (14) crosses below 70 (from above) → Possible bearish reversal.
RSI (21) also moves below 70 → Confirms the sell signal.
Additional confirmation:
RSI (14) crosses below RSI (21) (bearish crossover).
Price action shows bearish patterns (lower highs, resistance zone).
Volume increases on selling pressure.