RSI SE

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.