# RSI LE

From MultiCharts

### Definition

When the RSI value crosses above the OverSold level, the strategy generates a long entry order for the next bar at open. The number of bars used to calculate the RSI value and the OverSold level can be changed.

### Usage

Long entry based on an RSI calculation.

### Default Inputs

**Price** - price value to consider for calculating RSI..

**Length** - number of bars used to calculate the RSI value.

**OverSold** - value at/below which the symbol is considered oversold.

**Note:** Use RSI SE for entering a short position.