Difference between revisions of "RSI SE"
Jump to navigation
Jump to search
(Created page with "=== Definition=== When the RSI value crosses below the OverBought (Input) level, the strategy generates a short entry order for the next bar at open. The number of bars used...") |
|||
| Line 1: | Line 1: | ||
=== Definition=== | === Definition=== | ||
| − | When the RSI value crosses below the OverBought | + | When the RSI value crosses below the OverBought level, the strategy generates a short entry order for the next bar at open. |
The number of bars used to calculate the RSI value and the OverBought level can be changed. | The number of bars used to calculate the RSI value and the OverBought level can be changed. | ||
| Line 9: | Line 9: | ||
'''Price''' - price value to consider for calculating RSI..<br> | '''Price''' - price value to consider for calculating RSI..<br> | ||
'''Length''' - number of bars used to calculate the RSI value.<br> | '''Length''' - number of bars used to calculate the RSI value.<br> | ||
| − | '''OverBought''' - | + | '''OverBought''' - value at/above which the symbol is considered overbought. |
| − | '''Note:''' Use RSI LE for | + | '''Note:''' Use [[RSI LE]] for entering a long position. |
[[Category:Pre-built Signals]] | [[Category:Pre-built Signals]] | ||
Latest revision as of 13:08, 14 September 2021
Definition
When the RSI value crosses below the OverBought level, the strategy generates a short entry order for the next bar at open. The number of bars used to calculate the RSI value and the OverBought 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.
OverBought - value at/above which the symbol is considered overbought.
Note: Use RSI LE for entering a long position.
