Analysis Techniques & Strategies

RSI LE (Strategy)

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Input Information

Name Type Default Description
Price Numeric Close Price value to consider for calculating RSI.
Length Numeric 14 Number of bars used to calculate the RSI value.
OverSold Numeric 30 Value at/below which the symbol is considered oversold.

Usage

Long entry based on an RSI calculation.

Description

When the RSI value crosses above the OverSold (Input) level, this strategy generates a long entry order for the next bar at open. You can change the number of bars used to calculate the RSI value and the OverSold level.

Order Name: RsiLE

Related Strategy: RSI SE

Related Function(s): RSI