Analysis Techniques & Strategies
|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