Analysis Techniques & Strategies
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. |
OverBought | Numeric | 70 | Value at/above which the symbol is considered overbought. |
Short entry based on an RSI calculation.
When the RSI value crosses below the OverBought (Input) level, this strategy generates a short entry order for the next bar at open. You can change the number of bars used to calculate the RSI value and the OverBought level.
Order Name: RsiSE
Related Strategy: RSI LE
Related Function(s): RSI