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RSI Below 50

Article/Author: "Using Fibnacci Ratios and Momentum", Thom Hartle, S&C Magazine, Traders Tips, 11/1997

Download: rsiosc.ela

File Includes:
Paintbar - RSI Below 50
Indicator - Pivot Point Levels
Paintbar - RSI Above 50

Category: PaintBar > RSI Below 50

Description:

Inputs:

EasyLanguage Code:
INPUTS: PRICE(CLOSE), RSILEN(14);

VARS: RSIVAL(0);

RSIVAL = RSI(PRICE, RSILEN);

IF RSIVAL < 50 THEN BEGIN
PLOT1(HIGH, "RSI<50");
PLOT2(LOW, "RSI<50");
END;

IF RSIVAL CROSSES BELOW 50 THEN
ALERT = TRUE;

{
COPYRIGHT C 1997, TECHNICAL ANALYSIS, INC.
}