- RSI 6
- RSI 14
6 is fast and reacts with current price action very quickly.
On the other hand, 14 reacts more slowly to the price movements.
level at 70 is the overbought condition and at 30 level is considered as oversold condition of the market. value positive signals the force and a negative value is interpreted as the thrust of the market momentum.
FX Fisher: It is a momentum oscillator. Its value is positive and rising means the momentum is and a negative value with a falling pattern signals the momentum is still intact.
Rules for entry :
It has no risk management integrated so be careful with it
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
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