This strategy uses the RSI and SMA. When the Rsi crosses above the oversold level 30 and price is above the sma, it generates a buy signal. when the rsi crosses below the overbought level 70 and price is below the sma , it generates a sell signal. The strategy then excuties the corresponding buy and sell orders. The Rsi and Sma are also plotted on the for visual reference.
RSI PRECISION v.3 (MACD, StochRSI, SMA Signals) Developed by Giorgos Protonotarios (2021-2023) RSI PRECISION is an alternative to the classic Relative Strength Index (RSI). The indicator aims to enhance the classic RSI and make it more accurate on longer timeframes. Additionally, the indicator works as an advanced signaling machine, offering five different...
DESCRIPTION RSI (Relative Strength Index) is a momentum oscillator that measures the speed (velocity) and change (magnitude) of recent price movements. THIS INDICATOR PLOTS RSI-SIGNALS and makes use of the standard calculation of RSI. The indicator has built-in flexibility that allows you to determine the oversold/overbought value and CrossOver/CrossUnder...