RSI LE
Revision as of 13:07, 14 September 2021 by KateMultiCharts (talk | contribs) (Created page with "=== 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 calcula...")
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
Short 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.
