Description
The RSI Crossover study is an overbought-oversold indicator which finds crossovers of Relative Strength Index (RSI) study with specified levels. The +70 level is considered overbought; the +30 level, oversold.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the RSI. |
crossing type
|
Defines whether to display signals when RSI crosses above or below the specified level. |
threshold
|
The level with which crossovers are found. |
|
|
The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull. |
Plots
| Plot | Description |
|---|---|
signal
|
RSI Crossover signals. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.