/@version=2 //By Tantamount //RSI with overbought and oversold alert features! Highly configurable indicator that includes a Topography map feature, used to detect & easily show threshold crossovers. //RSI is used to measure the velocity and change of directional price movements. It is very useful to help determine when an asset is reaching an overbought or...
Really good performance of Simple RSI Strategy for Nike (NKE) 5m chart. Params: RSI Length: 30, RSI OverSold level: 45, RSI OverBought Level: 60 Performance:57% profit, 112 trades, 73% prof, 6.7% dd, 1.36 sharpe. And remember: Past performance does not guarantee future results.
RSI overbought and oversold histogram Just indicator combo of oldschool slow stochastic and rsi, just looking a little bit better for someone. Strategy is simple: 1) RSI is overbought or oversold (above 70, below 30)? 2) Stochastic line crosses its ema? 3) Stochastic and stochastic ema are in overbought = sell, oversold = buy. Works good in volitile stocks/pairs...