Understand the Indicator's Functionality Buy Signal: A green label ("BUY") appears below the bar when: The RSI is above 80. The RSI-based moving average (MA) is trending upward. The low price of the bar reaches or falls below the calculated limit entry price (low - tickOffset).
Sell Signal: A red label ("SELL") appears above the bar when: The RSI is below 20. The RSI-based moving average (MA) is trending downward. The high price of the bar reaches or exceeds the calculated limit entry price (high + tickOffset).
Customize Your Settings Click on the gear icon next to the indicator name in the chart's legend to open its settings. Adjust the following inputs as needed: RSI Length: The period for calculating RSI (default: 2). MA Length: The period for calculating the moving average of RSI (default: 5). Middle Band: The RSI threshold for signals (default: 50). Tick Offset: The number of ticks above/below high/low for limit entry prices (default: 3).
Understand the Indicator's Functionality
Buy Signal:
A green label ("BUY") appears below the bar when:
The RSI is above 80.
The RSI-based moving average (MA) is trending upward.
The low price of the bar reaches or falls below the calculated limit entry pr
Understand the Indicator's Functionality
Buy Signal:
A green label ("BUY") appears below the bar when:
The RSI is above 80.
The RSI-based moving average (MA) is trending upward.
The low price of the bar reaches or falls below the calculated limit entry pr