License Type | Demo license, Lifetime |
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Expert Advisors, Swiss Army Knife Scanner
Relative Strength Index Scanner
$0.00 – $50.00
The Relative Strength Index Scanner can operate in a number of ways using the RSI indicator. Modes include:
- Overbought/Oversold a SELL is indicated when RSI moves below the oversold level and a BUY is indicated when RSI moves above the overbought level. NEUTRAL is indicated when RSI moves into the center from overbought or oversold.
- Cross 50 RSI above 50 indicates bulls are stronger than bears – Shows BUY. RSI below 50 indicates bears are stronger than bulls – Shows SELL.
- Two RSI Cross a fast RSI is compared to a slow RSI. When the fast RSI crosses above the slow RSI, a BUY is signaled. When the fast RSI crosses below the slow RSI a sell is signaled.
Scanners require Swiss Army Knife for display of signals and alerts.
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