RSI: Relative Strength Index (RSI)
RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. For instance, an asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.
Pattern name: Strategy name
Time interval: Candlestick or bar Timeframe
Signal Direction: Bullish or Bearish
RSI: Relative Strength Index an Oscillating trading Indicator
Index: RSI Value
Method: Break, When the RSI value surpasses certain value on the RSI indicator.
Effect: Select “Below to Above” ,“Above to Below” or Touch. The index functions -Below/Above- in coordination with Second index or Target level.
Target Level: The RSI oscillates between zero and 100.
Target Symbol: Add target symbol.
Time Scope: Timeline for the strategy
“Create and save” or “Create and Add New Indicator”: Select “Create and Save” if building a strategy with one indicator, or select “Create and Add New Indicator” if adding an additional indicator to the strategy.